FY2027 Small Area FMR · Mount Vernon, WA

ZIP 98274 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98274 (Mount Vernon, WA) is $1,930 a month, down 3.0% from FY2026. That is 16% above the Mount Vernon-Anacortes, WA area-wide FMR of $1,668.

2-bedroom SAFMR$1,930per month ▼ 3.0%

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

Rank in the area6thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,737

2 BR Small Area FMR$1,930

110% of SAFMR$2,123

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

Studio$1,340▼ 2.2%

1 BR$1,480▼ 2.6%

2 BR$1,930▼ 3.0%

3 BR$2,670▼ 3.6%

4 BR$2,980▼ 1.0%

FY2027 FY2026

Where 98274 sits in the Mount Vernon-Anacortes, WA area

Of the 17 ZIP codes HUD lists for the area, 98274 has the 6th 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 $1,930 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	$1,340	$1,206 – $1,474	$1,162	$1,370
1 bedroom	$1,480	$1,332 – $1,628	$1,275	$1,520
2 bedrooms	$1,930	$1,737 – $2,123	$1,668	$1,990
3 bedrooms	$2,670	$2,403 – $2,937	$2,310	$2,770
4 bedrooms	$2,980	$2,682 – $3,278	$2,578	$3,010

A household renting a two-bedroom home at the Small Area FMR of $1,930 needs about $77,200 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 98274 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
98235	Clearlake	8.8 mi	$1,550
98238	Conway	9.2 mi	$1,550
98273	Mount Vernon	11.2 mi	$1,550
98292	Stanwood	12.0 mi	$2,240
98263	Lyman	12.6 mi	$1,700
98223	Arlington	12.7 mi	$2,310

Questions

What is the Fair Market Rent for ZIP code 98274?

HUD's FY2027 Small Area Fair Market Rents for 98274 are $1,340 (studio), $1,480 (1 BR), $1,930 (2 BR), $2,670 (3 BR) and $2,980 (4 BR) a month.

What is the Section 8 payment standard in 98274?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98274 that range is $1,737 to $2,123 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98274?

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.