Section 8 Fair Market Rent (FMR) for ZIP 98255 - 2027

Location: Mount Vernon-Anacortes, WA | Metro: Mount Vernon-Anacortes, WA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,200
1 Bedroom	$1,310
2 Bedrooms	$1,700
3 Bedrooms	$2,350
4 Bedrooms	$2,640
5 Bedrooms	$3,062
6 Bedrooms	$3,429
7 Bedrooms	$3,703
8 Bedrooms	$3,888

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

198

Median Household Income

$68,194

Housing Units

105

Renter Percentage

15.2%

Occupancy Rate

94.3%

Renter Occupied

The city of Brier, located in the greater Seattle metropolitan area, is characterized by its suburban charm and proximity to urban amenities. ZIP code 98255 is part of this vibrant community, offering a mix of residential neighborhoods and commercial areas that cater to both residents and visitors. For real estate investors, particularly those interested in the Section 8 housing voucher program, understanding the local rental market dynamics is crucial.

The Fair Market Rent (FMR) for ZIP 98255 for fiscal year 2024 is set at $1,750, providing a benchmark for landlords participating in the Section 8 program.
The median home value in the area is not available, but given the surrounding affluent neighborhoods, it is likely to be on the higher side, indicating a strong real estate market overall.
Renters make up 15.2% of the population, suggesting a moderate demand for rental properties in the area.
The median income of residents is $68,194, which is above the national average, reflecting the economic stability of the area and the potential for higher rental rates.
The Days on Market (DOM) for rental listings is not available, but considering the proximity to Seattle and the demand for affordable housing, it can be inferred that rental units in 98255 move quickly once listed.

In summary, ZIP 98255 presents a balanced opportunity for real estate investors, especially those engaging with the Section 8 program. With a fair market rent of $1,750, a median income of $68,194, and a moderate renter share, landlords can expect steady demand for their properties. The lack of specific data on market rents and days on market does not detract from the area's appeal, as the overall economic health and location near Seattle suggest a robust rental market. Investors should prepare to compete with other property owners for tenants while adhering to the guidelines set by the Section 8 program.

Data Sources: FMR data from HUD (2027). 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.