Housing market/Washington/ZIP 98233

ACS 2023 · FY2027 SAFMR

ZIP 98233 Burlington, Washington

Mount Vernon-Anacortes, WA MSA · Washington. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
17,703
Households
6,687
Median HH income
$83,560
Renter share
37.9%
Median gross rent
$1,567
Vacancy
8.3%
Pop. change
+14.8%
2BR SAFMR
$1,770
SAFMR / rent
1.130×
2–49 unit stock
1,478
LIHTC proj / units
6 / 410
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 98233 · WA — sent to you.

ZIP 98233 · WA

ACS median rent$1,567
2BR SAFMR$1,770
90% floor$1,593
110% ceiling$1,947

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 98233

  • 1-unit detached4,81866.2%
  • 1-unit attached3915.4%
  • 2–4 units5808.0%
  • 5–49 units89812.3%
  • 50+ units2713.7%
  • Mobile3174.4%
TypeUnitsShare
1-unit detached4,81866.0%
1-unit attached3915.4%
2 units (duplex)1972.7%
3–4 units3835.3%
5–9 units2203.0%
10–19 units2623.6%
20–49 units4165.7%
50+ units2713.7%
Mobile3174.3%

2–4 unit share 8.0% · 5–49 unit share 12.3% · combined 2–49 20.3%.

Units by bedrooms

Studio
167
1BR
628
2BR
2,295
3BR
3,023
4BR
1,008
5+
174

Rent burden

Rent ≥30% of income57.6%
Rent ≥50% of income27.2%
  • ACS median gross rent $1,567 (all bedrooms, occupied rentals).
  • Median contract rent $1,417.
  • Renters paying ≥30% of income 57.6%; ≥50% 27.2%.
  • FY2027 2BR SAFMR $1,770 (1.130× ACS median gross rent).

Population

17,703 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +14.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 6 projects, 410 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 186 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 98233 37.9% of occupied households are renters; vacancy is 8.3%; ACS median gross rent is $1,567; population increased +14.8% between the 2018 and 2023 ACS vintages; the housing stock includes 580 units in 2–4-unit structures and 898 units in 5–49-unit structures; 6 LIHTC projects totaling 410 units; FY2027 2BR SAFMR is $1,770 versus ACS median gross rent of $1,567. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Washington research

ZIP 98233 is a Census / HUD profile for Mount Vernon-Anacortes, WA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Washington research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 98233?

ZIP 98233 (Mount Vernon-Anacortes, WA MSA) has 17,703 residents, 6,687 households, a renter share of 37.9%, median household income of $83,560, and ACS 2023 median gross rent of $1,567. Vacancy is 8.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 98233?

ACS counts 197 units in 2-unit buildings, 383 in 3–4 unit buildings, 220 in 5–9, 262 in 10–19, and 416 in 20–49. Combined 2–49 unit stock is 1,478 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 98233?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,770. See the full schedule and 90–110% payment-standard band on the ZIP 98233 — Burlington, WA HUD Section 8 Payment Standards / SAFMR.

Does this Washington ZIP profile include Georgia listings?

No. ZIP 98233 is Census / HUD research for Mount Vernon-Anacortes, WA MSA. Jeff Crowe CRE does not list Washington property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.