FY2027 Small Area FMR · Anacortes, WA
ZIP 98221 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98221 (Anacortes, WA) is $1,940 a month, down 0.5% from FY2026. That is 16% above the Mount Vernon-Anacortes, WA area-wide FMR of $1,668.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 98221 sits in the Mount Vernon-Anacortes, WA area
Of the 17 ZIP codes HUD lists for the area, 98221 has the 5th highest two-bedroom Small Area FMR. Mount Vernon-Anacortes, WA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,668 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,940 for this ZIP code instead.
ZIP code 98221 crosses more than one HUD area. HUD also lists it under San Juan County, WA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,350 | $1,215 – $1,485 | $1,162 | $1,340 |
| 1 bedroom | $1,480 | $1,332 – $1,628 | $1,275 | $1,480 |
| 2 bedrooms | $1,940 | $1,746 – $2,134 | $1,668 | $1,950 |
| 3 bedrooms | $2,690 | $2,421 – $2,959 | $2,310 | $2,710 |
| 4 bedrooms | $3,000 | $2,700 – $3,300 | $2,578 | $2,940 |
A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 a year to keep housing costs at 30% of income. The area median family income is $120,200 and the 80% low-income limit for four people is $96,150. ZIP code 98221 lies mainly in Skagit County and San Juan County. See the Mount Vernon-Anacortes, WA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 98221?
HUD's FY2027 Small Area Fair Market Rents for 98221 are $1,350 (studio), $1,480 (1 BR), $1,940 (2 BR), $2,690 (3 BR) and $3,000 (4 BR) a month.
What is the Section 8 payment standard in 98221?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98221 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 98221?
The FY2026 income limits of the Mount Vernon-Anacortes, WA area apply: median family income $120,200, low-income (80%) limit $96,150 for a family of four.