98045 North Bend, WA Fair Market Rent

What the FMR for ZIP 98045 actually means

HUD publishes Small Area Fair Market Rents at the ZIP code level for designated metros. ZIP 98045 (North Bend, WA) is covered by Seattle-Bellevue, WA HUD Metro FMR Area, so FY 2026 figures here are ZIP-specific: $2,280 for a 1-bedroom, studio $2,210, 2-bedroom $2,660, 3-bedroom $3,480, and 4-bedroom $4,090. These are 40th-percentile gross rents (utilities except telephone), not live asking rents. Housing Choice Voucher payment standards are typically set between 90% and 110% of the applicable FMR/SAFMR.

Because this page uses SAFMR, nearby ZIPs in King can show different bedroom figures. Against the national benchmark the 1-bedroom SAFMR here is 138% above the US average of $959, and 93% above the WA state average of $1,180.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $2,280, that implies a household income of $91,200 per year (about $7,600/month) to avoid being cost-burdened, a 2-bedroom at $2,660 lifts that threshold higher still. ZIP 98045 has a population of 13,888 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).