FY2027 Small Area FMR · Tacoma, WA

ZIP 98424 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 98424 (Tacoma, WA) is $2,160 a month, up 3.3% from FY2026. That is 5% above the Tacoma, WA area-wide FMR of $2,064.

2-bedroom SAFMR$2,160per month ▲ 3.3%

Area-wide 2 BR FMR$2,064Tacoma, WA

Rank in the area24thof 75 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,944

2 BR Small Area FMR$2,160

110% of SAFMR$2,376

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

Studio$1,560▲ 3.3%

1 BR$1,760▲ 3.5%

2 BR$2,160▲ 3.3%

3 BR$2,980▲ 2.8%

4 BR$3,370▲ 2.4%

FY2027 FY2026

Where 98424 sits in the Tacoma, WA area

Of the 75 ZIP codes HUD lists for the area, 98424 has the 24th highest two-bedroom Small Area FMR. Tacoma, 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 $2,064 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,160 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	$1,560	$1,404 – $1,716	$1,491	$1,510
1 bedroom	$1,760	$1,584 – $1,936	$1,682	$1,700
2 bedrooms	$2,160	$1,944 – $2,376	$2,064	$2,090
3 bedrooms	$2,980	$2,682 – $3,278	$2,849	$2,900
4 bedrooms	$3,370	$3,033 – $3,707	$3,219	$3,290

A household renting a two-bedroom home at the Small Area FMR of $2,160 needs about $86,400 a year to keep housing costs at 30% of income. The area median family income is $127,300 and the 80% low-income limit for four people is $101,850. ZIP code 98424 lies mainly in Pierce County. See the Tacoma, WA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
98354	Milton	2.3 mi	$2,440
98443	Tacoma	2.3 mi	$1,960
98421	Tacoma	2.8 mi	$1,870
98371	Puyallup	2.9 mi	$1,980
98404	Tacoma	3.3 mi	$1,790
98402	Tacoma	4.1 mi	$1,980

Questions

What is the Fair Market Rent for ZIP code 98424?

HUD's FY2027 Small Area Fair Market Rents for 98424 are $1,560 (studio), $1,760 (1 BR), $2,160 (2 BR), $2,980 (3 BR) and $3,370 (4 BR) a month.

What is the Section 8 payment standard in 98424?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 98424 that range is $1,944 to $2,376 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 98424?

The FY2026 income limits of the Tacoma, WA area apply: median family income $127,300, low-income (80%) limit $101,850 for a family of four.