HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Thurston County, Washington (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Thurston County is $1,946 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,946
-0.7% from FY 2026
Payment standard
$1,751–$2,141
90% to 110% of the FMR, two-bedroom
Income to afford
$77,840
a year, with rent at 30% of income
Rank in Washington
6th of 39
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,586 | $1,427–$1,745 | $63,440 | $30.50/hr | +3.1% |
| 1 bedroom | $1,656 | $1,490–$1,822 | $66,240 | $31.85/hr | -1.5% |
| 2 bedroom | $1,946 | $1,751–$2,141 | $77,840 | $37.42/hr | -0.7% |
| 3 bedroom | $2,541 | $2,287–$2,795 | $101,640 | $48.87/hr | -2.8% |
| 4 bedroom | $3,141 | $2,827–$3,455 | $125,640 | $60.40/hr | -4.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,612 | $3,251–$3,973 |
| 6 bedroom Estimate | $4,083 | $3,675–$4,491 |
| 7 bedroom Estimate | $4,554 | $4,099–$5,009 |
| 8 bedroom Estimate | $5,026 | $4,523–$5,529 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Thurston actually rent for?
Search any address in Thurston for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Thurston somewhere between $1,751 and $2,141. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,946 a month is affordable, by HUD's 30% rule, on an income of roughly $77,840 a year. Put another way, $37 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,751 | Voucher pays at 100%$1,946 | Voucher pays at 110%$2,141 |
|---|---|---|---|---|
| $2,500 | $750 | $1,001 | $1,196 | $1,391 |
| $4,000 | $1,200 | $551 | $746 | $941 |
Rate history
The two-bedroom rate went down 1% from FY 2026 ($1,960) to FY 2027 ($1,946). Since FY 2020 it's up 66% in total, about 7.5% a year. The Washington median moved up 7% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $954 | $960 | $1,171 | $1,689 | $2,056 | — |
| FY 2021 | $1,021 | $1,026 | $1,241 | $1,776 | $2,149 | +6.0% |
| FY 2022 | $1,035 | $1,076 | $1,273 | $1,808 | $2,179 | +2.6% |
| FY 2023 | $1,127 | $1,245 | $1,456 | $2,069 | $2,480 | +14.4% |
| FY 2024 | $1,341 | $1,554 | $1,802 | $2,531 | $3,058 | +23.8% |
| FY 2025 | $1,393 | $1,585 | $1,843 | $2,526 | $3,095 | +2.3% |
| FY 2026 | $1,538 | $1,682 | $1,960 | $2,613 | $3,288 | +6.3% |
| FY 2027In effect | $1,586 | $1,656 | $1,946 | $2,541 | $3,141 | -0.7% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Thurston, that runs from $1,586 for a studio up to $3,141 for four bedrooms, all five rates in the table above.
Thurston is its own HUD metro area (Olympia-Lacey-Tumwater, WA), so the rate here is set from rents inside the county rather than a wider region.
Among Washington's 39 counties, Thurston ranks 6th for two-bedroom FMR. That's about 33% above the state median of $1,467 and about 83% above the national median county at $1,063. About 299,067 people live here, 6th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,770 in 98530 (Bucoda) and $2,280 in 98516 (Olympia), with the 19 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 98501 | Olympia | $1,930 | -0.8% |
| 98502 | Olympia | $1,880 | -3.4% |
| 98503 | Lacey | $1,960 | +0.7% |
| 98504 | Olympia | $1,946County rate | — |
| 98505 | Olympia | $1,880 | -3.4% |
| 98506 | Olympia | $1,780 | -8.5% |
| 98507 | Olympia | $1,950 | +0.2% |
| 98508 | Olympia | $1,950 | +0.2% |
| 98509 | Lacey | $1,950 | +0.2% |
| 98511 | Tumwater | $1,950 | +0.2% |
| 98512 | Olympia | $1,980 | +1.7% |
| 98513 | Olympia | $2,200 | +13.1% |
| 98516 | Olympia | $2,280 | +17.2% |
| 98530 | Bucoda | $1,770 | -9.0% |
| 98540 | East Olympia | $1,950 | +0.2% |
| 98556 | Littlerock | $1,980 | +1.7% |
| 98576 | Rainier | $1,770 | -9.0% |
| 98579 | Rochester | $1,770 | -9.0% |
| 98589 | Tenino | $1,770 | -9.0% |
| 98597 | Yelm | $1,850 | -4.9% |
| 98599 | Olympia | $1,946County rate | — |
Nearby counties
Two-bedroom FMR, with how each compares to Thurston.
Pierce County
25 mi · 930,319 people
$2,064
+6%
Mason County
28 mi · 67,982 people
$1,572
-19%
Lewis County
29 mi · 85,154 people
$1,435
-26%
Kitsap County
46 mi · 277,881 people
$1,967
+1%
Grays Harbor County
47 mi · 77,053 people
$1,345
-31%
King County
50 mi · 2,287,171 people
$2,549
+31%
Wahkiakum County
57 mi · 4,658 people
$1,183
-39%
Cowlitz County
58 mi · 112,360 people
$1,398
-28%
Questions people ask
$1,946 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,586 for a studio, $1,656 for one bedroom, $2,541 for three and $3,141 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Thurston actually go for?
HUD's number is one input. Search any address in Thurston for a rent estimate built from nearby comps. Free to start, no card.
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