FY2027 Small Area FMR · Port Townsend, WA

ZIP 98368 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98368 (Port Townsend, WA) is $1,640 a month, up 17.1% from FY2026. That is 3% above the Jefferson County, WA area-wide FMR of $1,588.

2-bedroom SAFMR$1,640per month ▲ 17.1%

Area-wide 2 BR FMR$1,588Jefferson County, WA

Rank in the area3rdof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,476

2 BR Small Area FMR$1,640

110% of SAFMR$1,804

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

Studio$1,270▲ 10.4%

1 BR$1,390▲ 16.8%

2 BR$1,640▲ 17.1%

3 BR$2,270▲ 16.4%

4 BR$2,740▲ 16.6%

FY2027 FY2026

Where 98368 sits in the Jefferson County, WA area

Of the 9 ZIP codes HUD lists for the area, 98368 has the 3rd 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 $1,640 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	$1,270	$1,143 – $1,397	$1,232	$1,150
1 bedroom	$1,390	$1,251 – $1,529	$1,341	$1,190
2 bedrooms	$1,640	$1,476 – $1,804	$1,588	$1,400
3 bedrooms	$2,270	$2,043 – $2,497	$2,199	$1,950
4 bedrooms	$2,740	$2,466 – $3,014	$2,654	$2,350

A household renting a two-bedroom home at the Small Area FMR of $1,640 needs about $65,600 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 98368 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

ZIP	Place	Distance	2 BR SAFMR
98339	Port Hadlock	4.5 mi	$1,430
98325	Chimacum	6.2 mi	$1,630
98358	Nordland	6.3 mi	$1,920
98253	Greenbank	12.4 mi	$2,200
98382	Sequim	12.5 mi	$1,550
98365	Port Ludlow	13.1 mi	$2,120

Questions

What is the Fair Market Rent for ZIP code 98368?

HUD's FY2027 Small Area Fair Market Rents for 98368 are $1,270 (studio), $1,390 (1 BR), $1,640 (2 BR), $2,270 (3 BR) and $2,740 (4 BR) a month.

What is the Section 8 payment standard in 98368?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98368 that range is $1,476 to $1,804 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98368?

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.