FY2027 Small Area FMR · Maple Valley, WA

ZIP 98038 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98038 (Maple Valley, WA) is $2,900 a month, up 1.8% from FY2026. That is 14% above the Seattle-Bellevue, WA area-wide FMR of $2,549.

2-bedroom SAFMR$2,900per month ▲ 1.8%

Area-wide 2 BR FMR$2,549Seattle-Bellevue, WA

Rank in the area33rdof 153 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,610

2 BR Small Area FMR$2,900

110% of SAFMR$3,190

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,380▲ 0.8%

1 BR$2,480▲ 1.2%

2 BR$2,900▲ 1.8%

3 BR$3,780▲ 1.3%

4 BR$4,500▲ 2.7%

FY2027 FY2026

Where 98038 sits in the Seattle-Bellevue, WA area

Of the 153 ZIP codes HUD lists for the area, 98038 has the 33rd highest two-bedroom Small Area FMR. Seattle-Bellevue, WA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,610 and $3,190 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,380	$2,142 – $2,618	$2,091	$2,360
1 bedroom	$2,480	$2,232 – $2,728	$2,180	$2,450
2 bedrooms	$2,900	$2,610 – $3,190	$2,549	$2,850
3 bedrooms	$3,780	$3,402 – $4,158	$3,324	$3,730
4 bedrooms	$4,500	$4,050 – $4,950	$3,954	$4,380

A household renting a two-bedroom home at the Small Area FMR of $2,900 needs about $116,000 a year to keep housing costs at 30% of income. The area median family income is $164,400 and the 80% low-income limit for four people is $116,650. ZIP code 98038 lies mainly in King County. See the Seattle-Bellevue, WA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
98025	Hobart	0.7 mi	$2,910
98027	Issaquah	5.5 mi	$2,950
98051	Ravensdale	6.2 mi	$2,700
98010	Black Diamond	7.7 mi	$2,590
98058	Renton	7.9 mi	$2,630
98042	Kent	8.2 mi	$2,640

Questions

What is the Fair Market Rent for ZIP code 98038?

HUD's FY2027 Small Area Fair Market Rents for 98038 are $2,380 (studio), $2,480 (1 BR), $2,900 (2 BR), $3,780 (3 BR) and $4,500 (4 BR) a month.

What is the Section 8 payment standard in 98038?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98038 that range is $2,610 to $3,190 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98038?

The FY2026 income limits of the Seattle-Bellevue, WA area apply: median family income $164,400, low-income (80%) limit $116,650 for a family of four.