FY2027 Small Area FMR · Lopez Island, WA

ZIP 98261 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98261 (Lopez Island, WA) is $1,670 a month, up 7.1% from FY2026. That is 17% below the San Juan County, WA area-wide FMR of $2,022.

2-bedroom SAFMR$1,670per month ▲ 7.1%

Area-wide 2 BR FMR$2,022San Juan County, WA

Rank in the area10thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,503

2 BR Small Area FMR$1,670

110% of SAFMR$1,837

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

Studio$1,160▲ 7.4%

1 BR$1,280▲ 7.6%

2 BR$1,670▲ 7.1%

3 BR$2,190▲ 6.3%

4 BR$2,190▲ 5.8%

FY2027 FY2026

Where 98261 sits in the San Juan County, WA area

Of the 10 ZIP codes HUD lists for the area, 98261 has the 10th highest two-bedroom Small Area FMR. San Juan County, 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 $2,022 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,670 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	$1,160	$1,044 – $1,276	$1,408	$1,080
1 bedroom	$1,280	$1,152 – $1,408	$1,546	$1,190
2 bedrooms	$1,670	$1,503 – $1,837	$2,022	$1,560
3 bedrooms	$2,190	$1,971 – $2,409	$2,647	$2,060
4 bedrooms	$2,190	$1,971 – $2,409	$2,657	$2,070

A household renting a two-bedroom home at the Small Area FMR of $1,670 needs about $66,800 a year to keep housing costs at 30% of income. The area median family income is $113,100 and the 80% low-income limit for four people is $90,500. ZIP code 98261 lies mainly in San Juan County. See the San Juan County, WA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
98222	Blakely Island	6.8 mi	$2,050
98286	Shaw Island	6.8 mi	$2,000
98280	Orcas	8.9 mi	$2,380
98221	Anacortes	10.4 mi	$1,940
98243	Deer Harbor	10.8 mi	$1,810
98245	Eastsound	11.0 mi	$1,820

Questions

What is the Fair Market Rent for ZIP code 98261?

HUD's FY2027 Small Area Fair Market Rents for 98261 are $1,160 (studio), $1,280 (1 BR), $1,670 (2 BR), $2,190 (3 BR) and $2,190 (4 BR) a month.

What is the Section 8 payment standard in 98261?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98261 that range is $1,503 to $1,837 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98261?

The FY2026 income limits of the San Juan County, WA area apply: median family income $113,100, low-income (80%) limit $90,500 for a family of four.