The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Outlook, WA 98938's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 98938 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,017 to a high of $1,243, with an average of $1,130.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,026, a maximum of $1,254, and an average of $1,140.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,350, peaking at a maximum of $1,650, and averaging at $1,500.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,899, a maximum of $2,321, and an average of $2,110.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,007 to a maximum of $2,453, with an average of $2,230.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Outlook, WA 98938 Low Rent (90%) $1,017 $1,026 $1,350 $1,899 $2,007
Average Rent $1,130 $1,140 $1,500 $2,110 $2,230
High Rent(110%) $1,243 $1,254 $1,650 $2,321 $2,453
2023 Outlook, WA 98938 Low Rent (90%) $972 $981 $1,287 $1,827 $1,926
Average Rent $1,080 $1,090 $1,430 $2,030 $2,140
High Rent (110%) $1,188 $1,199 $1,573 $2,233 $2,354
2022 Outlook, WA 98938 Low Rent (90%) $945 $981 $1,287 $1,827 $1,971
Average Rent $1,050 $1,090 $1,430 $2,030 $2,190
High Rent(110%) $1,155 $1,199 $1,573 $2,233 $2,409
2021 Outlook, WA 98938 Low Rent (90%) $918 $1,008 $1,323 $1,863 $2,025
Average Rent $1,020 $1,120 $1,470 $2,070 $2,250
High Rent (110%) $1,122 $1,232 $1,617 $2,277 $2,475
2020 Outlook, WA 98938 Low Rent (90%) $900 $1,008 $1,332 $1,845 $2,043
Average Rent $1,000 $1,120 $1,480 $2,050 $2,270
High Rent(110%) $1,100 $1,232 $1,628 $2,255 $2,497
2019 Outlook, WA 98938 Low Rent (90%) $738 $846 $1,107 $1,512 $1,701
Average Rent $820 $940 $1,230 $1,680 $1,890
High Rent (110%) $902 $1,034 $1,353 $1,848 $2,079


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