FY2027 Small Area FMR · Hamilton, WA

ZIP 98255 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98255 (Hamilton, WA) is $1,700 a month, down 4.0% from FY2026. That is 2% above the Mount Vernon-Anacortes, WA area-wide FMR of $1,668.

2-bedroom SAFMR$1,700per month ▼ 4.0%

Area-wide 2 BR FMR$1,668Mount Vernon-Anacortes, WA

Rank in the area8thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,530

2 BR Small Area FMR$1,700

110% of SAFMR$1,870

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

Studio$1,200▼ 3.2%

1 BR$1,310▼ 3.7%

2 BR$1,700▼ 4.0%

3 BR$2,350▼ 4.5%

4 BR$2,640▼ 2.2%

FY2027 FY2026

Where 98255 sits in the Mount Vernon-Anacortes, WA area

Of the 17 ZIP codes HUD lists for the area, 98255 has the 8th 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 $1,700 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,200	$1,080 – $1,320	$1,162	$1,240
1 bedroom	$1,310	$1,179 – $1,441	$1,275	$1,360
2 bedrooms	$1,700	$1,530 – $1,870	$1,668	$1,770
3 bedrooms	$2,350	$2,115 – $2,585	$2,310	$2,460
4 bedrooms	$2,640	$2,376 – $2,904	$2,578	$2,700

A household renting a two-bedroom home at the Small Area FMR of $1,700 needs about $68,000 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 98255 lies mainly in Skagit County. See the Mount Vernon-Anacortes, WA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
98263	Lyman	3.5 mi	$1,700
98284	Sedro Woolley	6.9 mi	$1,700
98235	Clearlake	11.9 mi	$1,550
98274	Mount Vernon	14.0 mi	$1,930
98220	Acme	14.6 mi	$1,620
98233	Burlington	16.3 mi	$1,770

Questions

What is the Fair Market Rent for ZIP code 98255?

HUD's FY2027 Small Area Fair Market Rents for 98255 are $1,200 (studio), $1,310 (1 BR), $1,700 (2 BR), $2,350 (3 BR) and $2,640 (4 BR) a month.

What is the Section 8 payment standard in 98255?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98255 that range is $1,530 to $1,870 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98255?

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.