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RentData.org Logo Olympia Fair Market Rent FY 2015 Olympia, WA MSA Rental Data

Fair Market Rent Prices in Olympia, WA :
$769 $838 $1,026 $1,486 $1,817
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 96% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Olympia is $1,026 per month.

The previous year, rent for a two-bedroom home was $943 per month. This is a 8.8% increase year-over-year.

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 252,264 people based on latest Census data.

Compared to the rest of Washington, the Olympia FMR area is more expensive than 94% 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 $ 816
1-BR 1-Bedroom $ 890
2-BR 2-Bedroom $ 1089
3-BR 3-Bedroom $ 1577
4-BR 4-Bedroom $ 1929
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

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
Olympia, WA Metro 252,264
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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What's Next?

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