Location: Seattle-Bellevue, WA | Metro: Seattle-Bellevue, WA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,130 |
| 1 Bedroom | $3,270 |
| 2 Bedrooms | $3,820 |
| 3 Bedrooms | $4,980 |
| 4 Bedrooms | $5,930 |
| 5 Bedrooms | $6,879 |
| 6 Bedrooms | $7,704 |
| 7 Bedrooms | $8,320 |
| 8 Bedrooms | $8,736 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,820 | $577,734 | 0.66% | D |
| 3BR | $4,980 | $1,375,835 | 0.36% | F |
| 4BR | $5,930 | $1,790,467 | 0.33% | F |
| 5BR | $6,879 | $2,080,149 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 98075, located in Sammamish, WA, has a population of 25,498, with only 12.7% being renters. This indicates that the area is primarily dominated by homeowners rather than renters, which suggests that the demand for Section 8 vouchers is likely to be lower compared to areas with a higher percentage of renters.
Given the median household income of $250,001, the typical market rent of $2,839 represents a relatively small portion of the local income. In fact, it amounts to less than 1.2% of the median household income. However, it's important to note that the Federal Market Rent (FMR) for the area is $3,970 (as of FY 2024), indicating that the maximum allowable rent under Section 8 is higher than the current market rate.
This discrepancy between the market rent and the FMR implies that landlords in ZIP 98075 can potentially charge rents closer to the FMR without exceeding what tenants can afford through their vouchers. Consequently, landlords should expect tenants who are financially stable but still seek the benefits of Section 8 vouchers to manage their housing costs effectively.
In summary, while the tenant pool in ZIP 98075 is not heavy on renters, those who do rent are likely to be part of a stable economic demographic. Landlords should anticipate working with tenants who have a strong financial background and are capable of contributing a significant portion of the rent themselves, supplemented by the voucher. This scenario is favorable for landlords looking to maintain high property standards and attract reliable tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.