FY2027 Small Area FMR · Port Ludlow, WA
ZIP 98365 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98365 (Port Ludlow, WA) is $2,120 a month, up 5.0% from FY2026. That is 34% above the Jefferson County, WA area-wide FMR of $1,588.
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 98365 sits in the Jefferson County, WA area
Of the 9 ZIP codes HUD lists for the area, 98365 has the 1st highest two-bedroom Small Area FMR. Jefferson 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 $1,588 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,120 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,650 | $1,485 – $1,815 | $1,232 | $1,650 |
| 1 bedroom | $1,790 | $1,611 – $1,969 | $1,341 | $1,720 |
| 2 bedrooms | $2,120 | $1,908 – $2,332 | $1,588 | $2,020 |
| 3 bedrooms | $2,940 | $2,646 – $3,234 | $2,199 | $2,810 |
| 4 bedrooms | $3,540 | $3,186 – $3,894 | $2,654 | $3,390 |
A household renting a two-bedroom home at the Small Area FMR of $2,120 needs about $84,800 a year to keep housing costs at 30% of income. The area median family income is $107,000 and the 80% low-income limit for four people is $85,600. ZIP code 98365 lies mainly in Jefferson County. See the Jefferson County, WA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 98365?
HUD's FY2027 Small Area Fair Market Rents for 98365 are $1,650 (studio), $1,790 (1 BR), $2,120 (2 BR), $2,940 (3 BR) and $3,540 (4 BR) a month.
What is the Section 8 payment standard in 98365?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98365 that range is $1,908 to $2,332 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 98365?
The FY2026 income limits of the Jefferson County, WA area apply: median family income $107,000, low-income (80%) limit $85,600 for a family of four.