FY2027 Small Area FMR · Oak Harbor, WA

ZIP 98278 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98278 (Oak Harbor, WA) is $1,870 a month, up 15.4% from FY2026. That is 3% above the Island County, WA area-wide FMR of $1,824.

2-bedroom SAFMR$1,870per month ▲ 15.4%

Area-wide 2 BR FMR$1,824Island County, WA

Rank in the area4thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,683

2 BR Small Area FMR$1,870

110% of SAFMR$2,057

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

Studio$1,300▲ 14.0%

1 BR$1,500▲ 14.5%

2 BR$1,870▲ 15.4%

3 BR$2,560▲ 13.8%

4 BR$3,060▲ 15.5%

FY2027 FY2026

Where 98278 sits in the Island County, WA area

Of the 8 ZIP codes HUD lists for the area, 98278 has the 4th highest two-bedroom Small Area FMR. Island 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 $1,824 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,870 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	$1,300	$1,170 – $1,430	$1,270	$1,140
1 bedroom	$1,500	$1,350 – $1,650	$1,459	$1,310
2 bedrooms	$1,870	$1,683 – $2,057	$1,824	$1,620
3 bedrooms	$2,560	$2,304 – $2,816	$2,501	$2,250
4 bedrooms	$3,060	$2,754 – $3,366	$2,987	$2,650

A household renting a two-bedroom home at the Small Area FMR of $1,870 needs about $74,800 a year to keep housing costs at 30% of income. The area median family income is $107,200 and the 80% low-income limit for four people is $85,750. ZIP code 98278 lies mainly in Island County. See the Island County, WA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
98277	Oak Harbor	2.7 mi	$1,870
98257	La Conner	8.6 mi	$1,550
98239	Coupeville	9.8 mi	$1,650
98221	Anacortes	11.4 mi	$1,940
98282	Camano Island	11.8 mi	$1,950
98261	Lopez Island	13.9 mi	$1,670

Questions

What is the Fair Market Rent for ZIP code 98278?

HUD's FY2027 Small Area Fair Market Rents for 98278 are $1,300 (studio), $1,500 (1 BR), $1,870 (2 BR), $2,560 (3 BR) and $3,060 (4 BR) a month.

What is the Section 8 payment standard in 98278?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98278 that range is $1,683 to $2,057 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98278?

The FY2026 income limits of the Island County, WA area apply: median family income $107,200, low-income (80%) limit $85,750 for a family of four.