FY2026 Fair Market Rents — Olympia-Tumwater, WA MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,538
1BR
$1,682
2BR
$1,960
3BR
$2,613
4BR
$3,288
Hours/week at min wage
91 hrs
to afford the 2BR FMR @ $16.66/hr (WA)
National rank
#66
of 661 U.S. metros (top 11% most expensive)
YoY change (2BR)
+6.3%
+$117 vs FY2025 · 5-yr +57.9%
Voucher payment standard
$1,764–$2,156
PHAs set HCV payment at 90–110% of the 2BR FMR
Olympia-Tumwater, WA MSA
Metropolitan area · WA · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,538 | $18,456 |
| 1-Bedroom | $1,682 | $20,184 |
| 2-Bedroom | $1,960 | $23,520 |
| 3-Bedroom | $2,613 | $31,356 |
| 4-Bedroom | $3,288 | $39,456 |
Recent 2-Bedroom FMR Trend
FY2020 $1,171 → FY2026 $1,960
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,538 | $1,682 | $1,960 | $2,613 | $3,288 |
| FY2025 | $1,393 | $1,585 | $1,843 | $2,526 | $3,095 |
| FY2024 | $1,341 | $1,554 | $1,802 | $2,531 | $3,058 |
| FY2023 | $1,127 | $1,245 | $1,456 | $2,069 | $2,480 |
| FY2022 | $1,035 | $1,076 | $1,273 | $1,808 | $2,179 |
| FY2021 | $1,021 | $1,026 | $1,241 | $1,776 | $2,149 |
| FY2020 | $954 | $960 | $1,171 | $1,689 | $2,056 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $122,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $25,800 | $29,500 | $33,200 | $36,850 | $39,800 | $44,360 |
| 50% AMI (Very Low) | $43,000 | $49,150 | $55,300 | $61,400 | $66,350 | $71,250 |
| 80% AMI (Low) | $68,800 | $78,600 | $88,450 | $98,250 | $106,150 | $114,000 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$23,520/yr
FMR as % of Area Median Income
19.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$78,400/yr
$6,533/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,074 | $1,228 | $1,381 | $1,657 | $1,780 |
| 60% AMI Maximum | $1,289 | $1,473 | $1,657 | $1,989 | $2,136 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,538 | $1,682 | $1,960 | $1,995 | $1,995 |
| Low HOME Rent | $1,075 | $1,228 | $1,382 | $1,535 | $1,658 |
Compare Olympia-Tumwater, WA MSA With Other WA Metros
vs. Bellingham, WA MSA
vs. Bremerton-Silverdale, WA MSA
vs. Columbia County, WA HUD Metro FMR Area
vs. Kennewick-Richland, WA MSA
vs. Longview, WA MSA