Metro FMR area · WA · HUD FY 2027

Olympia-Lacey-Tumwater, WA Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Olympia-Lacey-Tumwater, WA area is $1,946 a month, 5% below the Washington average and 11% above the U.S. average of $1,761. ZIP-level Small Area FMRs for its 21 ZIP codes range from $1,770 to $2,280.

$1,9462-bedroom FMR−$14 (−0.7%) vs FY 2026
$1,6561-bedroom FMRU.S.: $1,478
$77,840Income for a 2-bedroomat 30% of income
299,067Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,946/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Olympia-Lacey-Tumwater, WA FMR	$1,946	$77,840	–
Washington average	$2,044	$81,779	–
U.S. average	$1,761	$70,432	–

Olympia-Lacey-Tumwater, WA Fair Market Rents, FY 2027 vs FY 2026
Unit	Olympia-Lacey-Tumwater, WA FY 2027	FY 2026	Change	Washington avg	U.S. avg	Income needed
Studio	$1,586	$1,538	+$48 (+3.1%)	$1,600	$1,379	$63,440
1 bedroom	$1,656	$1,682	−$26 (−1.5%)	$1,701	$1,478	$66,240
2 bedrooms	$1,946	$1,960	−$14 (−0.7%)	$2,044	$1,761	$77,840
3 bedrooms	$2,541	$2,613	−$72 (−2.8%)	$2,728	$2,266	$101,640
4 bedrooms	$3,141	$3,288	−$147 (−4.5%)	$3,214	$2,607	$125,640

Counties in this FMR area

Counties in the Olympia-Lacey-Tumwater, WA FMR area
County	Residents in area
Thurston County, WA	299,067

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,930.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Olympia-Lacey-Tumwater, WA
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
98501	$1,570	$1,640	$1,930	$2,520	$3,120	+$20 (+1.0%)	1% below
98502	$1,530	$1,600	$1,880	$2,460	$3,030	−$30 (−1.6%)	3% below
98503	$1,600	$1,670	$1,960	$2,560	$3,160	−$30 (−1.5%)	1% above
98505	$1,530	$1,600	$1,880	$2,460	$3,030	−$30 (−1.6%)	3% below
98506	$1,450	$1,520	$1,780	$2,360	$2,960	−$60 (−3.3%)	9% below
98507	$1,590	$1,660	$1,950	$2,550	$3,150	−$10 (−0.5%)	about the same as
98508	$1,590	$1,660	$1,950	$2,550	$3,150	−$10 (−0.5%)	about the same as
98509	$1,590	$1,660	$1,950	$2,550	$3,150	−$10 (−0.5%)	about the same as
98511	$1,590	$1,660	$1,950	$2,550	$3,150	−$10 (−0.5%)	about the same as
98512	$1,610	$1,690	$1,980	$2,590	$3,200	−$10 (−0.5%)	2% above
98513	$1,790	$1,870	$2,200	$2,870	$3,550	−$50 (−2.2%)	13% above
98516	$1,860	$1,940	$2,280	$2,980	$3,680	−$40 (−1.7%)	17% above
98530	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98531	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98540	$1,590	$1,660	$1,950	$2,550	$3,150	−$10 (−0.5%)	about the same as
98556	$1,610	$1,690	$1,980	$2,590	$3,200	−$10 (−0.5%)	2% above
98568	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98576	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98579	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98589	$1,390	$1,520	$1,770	$2,360	$2,960	+$110 (+6.6%)	9% below
98597	$1,510	$1,570	$1,850	$2,420	$2,990	−$40 (−2.1%)	5% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.