Logo Island County Fair Market Rent FY 2017 Island County, WA Rental Data

Fair Market Rent Prices in Island County, WA :
$711 $805 $984 $1,432 $1,568
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Non-Metro

Fair Market Rent prices in Island County are very high compared to the national average. This FMR area is more expensive than 93% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Island County is $984 per month.

The previous year, rent for a two-bedroom home was $984 per month. This is a 0% decrease year-over-year.

This FMR rate applies to Greenbank, WA, Freeland, WA, Langley, WA, Clinton, WA, Coupeville, WA, Camano Island, WA, Oak Harbor, WA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY53029N53029.

Additionally, This Fair Market Rent (FMR) area Island County, WA spans one county or city in Washington which is listed in the table below. Estimated population of Island County, WA FMR area is 78,506 people based on latest Census data.

Compared to the rest of Washington, the Island County FMR area is more expensive than 80% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Island County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Island County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 766
1-BR 1-Bedroom $ 867
2-BR 2-Bedroom $ 1060
3-BR 3-Bedroom $ 1543
4-BR 4-Bedroom $ 1690
Change Year:

There is just one county (listed below) within the Island County, WA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Seattle - Tacoma.

County / Region Est. Population
Island County, WA 78,506
Zip Codes in Island County, WA

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

98236, 98239, 98249, 98253, 98260, 98277, 98278 and 98282

Lookup Fair Market Rent by Zip Code