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RentData.org Logo Olympia Fair Market Rent FY 2006 Olympia, WA MSA Rental Data

Fair Market Rent Prices in Olympia, WA :
$522 $586 $749 $1,088 $1,315
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Olympia are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Olympia is $749 per month.

This FMR rate applies to Bucoda, WA, Littlerock, WA, East Olympia, WA, Tumwater, WA, Rainier, WA, Tenino, WA, Yelm, WA, Lacey, WA, Olympia, WA and other cities within the region. The Metro Code or CBSA code for this region is METRO36500M36500.

Additionally, This Fair Market Rent (FMR) area Olympia, WA MSA spans one county or city in Washington which is listed in the table below. Estimated population of Olympia, WA MSA FMR area is 207,355 people based on latest Census data.

Compared to the rest of Washington, the Olympia FMR area is more expensive than 88% 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 Olympia. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Olympia

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 $ 558
1-BR 1-Bedroom $ 630
2-BR 2-Bedroom $ 785
3-BR 3-Bedroom $ 1130
4-BR 4-Bedroom $ 1379
Change Year:

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

County / Region Est. Population
Thurston County, WA Metro 207,355
Zip Codes in Olympia, WA MSA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

98501, 98503, 98505, 98506, 98507, 98508, 98509, 98511, 98512, 98513, 98516, 98530, 98540, 98556, 98576, 98589 and 98597

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