ZIP 98354 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 98354 in the Seattle-Bellevue, WA FMR area.

Seattle-Bellevue, WA

$1,820Efficiency
$2,0101 bedroom
$2,4402 bedrooms
$3,3203 bedrooms
$3,8004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,820$1,638$2,002$2,091
1 bedroom$2,010$1,809$2,211$2,180
2 bedrooms$2,440$2,196$2,684$2,549
3 bedrooms$3,320$2,988$3,652$3,324
4 bedrooms$3,800$3,420$4,180$3,954

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Tacoma, WA

$1,820Efficiency
$2,0101 bedroom
$2,4402 bedrooms
$3,3203 bedrooms
$3,8004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,820$1,638$2,002$1,491
1 bedroom$2,010$1,809$2,211$1,682
2 bedrooms$2,440$2,196$2,684$2,064
3 bedrooms$3,320$2,988$3,652$2,849
4 bedrooms$3,800$3,420$4,180$3,219

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 98354

$85,291average adjusted gross income per tax return (2022)
$60,724average salaries and wages per return
4,330tax returns filed
34%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.4%
$25,000 to $50,00020.3%
$50,000 to $75,00018.2%
$75,000 to $100,00013.9%
$100,000 to $200,00021.7%
$200,000 or more6.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 98354?

HUD's FY2027 Small Area FMRs for ZIP 98354 (Seattle-Bellevue, WA) are $1,820 efficiency, $2,010 one bedroom, $2,440 two bedrooms, $3,320 three and $3,800 four bedrooms.

What payment standard can a housing authority set in ZIP 98354?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,196 to $2,684.

How affordable is rent in ZIP 98354?

Tax returns filed from ZIP 98354 reported an average adjusted gross income of $85,291 (2022). A two-bedroom unit at the Small Area FMR costs $29,280 a year, or 34% of that income.