FMR Lookup › Washington › Olympia-Lacey-Tumwater
Section 8 Fair Market Rent in Olympia-Lacey-Tumwater, WA (FY2027)
HUD's official FY2027 Fair Market Rents for the Olympia-Lacey-Tumwater, WA MSA, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $1,586 | $1,427 – $1,745 |
| 1 bedroom | $1,656 | $1,490 – $1,822 |
| 2 bedrooms | $1,946 | $1,751 – $2,141 |
| 3 bedrooms | $2,541 | $2,287 – $2,795 |
| 4 bedrooms | $3,141 | $2,827 – $3,455 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,946 — 36% above the Washington median of $1,435 across all 35 FMR areas in the state.
Counties and towns covered
The Olympia-Lacey-Tumwater, WA FMR area is a metro area covering: Thurston County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Olympia-Lacey-Tumwater: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable Washington markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Bremerton-Silverdale-Port Orchard | $1,535 | $1,967 | $2,637 |
| Portland-Vancouver-Hillsboro | $1,633 | $1,878 | $2,550 |
| Bellingham | $1,529 | $1,872 | $2,545 |
| San Juan County | $1,546 | $2,022 | $2,647 |
| Tacoma | $1,682 | $2,064 | $2,849 |
| Island County | $1,459 | $1,824 | $2,501 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Olympia-Lacey-Tumwater.