FY2027 Small Area FMR · Camano Island, WA
ZIP 98282 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98282 (Camano Island, WA) is $1,950 a month, down 9.7% from FY2026. That is 23% below the Seattle-Bellevue, WA area-wide FMR of $2,549.
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 98282 sits in the Seattle-Bellevue, WA area
Of the 153 ZIP codes HUD lists for the area, 98282 has the 147th highest two-bedroom Small Area FMR. Seattle-Bellevue, WA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,755 and $2,145 for two bedrooms.
ZIP code 98282 crosses more than one HUD area. HUD also lists it under Island 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 | $1,620 | $1,458 – $1,782 | $2,091 | $1,800 |
| 1 bedroom | $1,670 | $1,503 – $1,837 | $2,180 | $1,850 |
| 2 bedrooms | $1,950 | $1,755 – $2,145 | $2,549 | $2,160 |
| 3 bedrooms | $2,650 | $2,385 – $2,915 | $3,324 | $2,850 |
| 4 bedrooms | $3,160 | $2,844 – $3,476 | $3,954 | $3,320 |
A household renting a two-bedroom home at the Small Area FMR of $1,950 needs about $78,000 a year to keep housing costs at 30% of income. The area median family income is $164,400 and the 80% low-income limit for four people is $116,650. ZIP code 98282 lies mainly in Island County and Snohomish County. See the Seattle-Bellevue, WA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 98282?
HUD's FY2027 Small Area Fair Market Rents for 98282 are $1,620 (studio), $1,670 (1 BR), $1,950 (2 BR), $2,650 (3 BR) and $3,160 (4 BR) a month.
What is the Section 8 payment standard in 98282?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98282 that range is $1,755 to $2,145 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 98282?
The FY2026 income limits of the Seattle-Bellevue, WA area apply: median family income $164,400, low-income (80%) limit $116,650 for a family of four.