FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 97741
0.93ratio
FMR$1,170
Market$1,260
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 97741
0.89ratio
FMR$1,440
Market$1,610
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 97741
1.06ratio
FMR$2,010
Market$1,890
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 97741
1.11ratio
FMR$2,340
Market$2,100
vs market+$240
FMR is above market; underwrite to market rent.
1.11
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Madras, OR fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Madras, OR is $1,440 a month. That is unchanged from FY 2026. Madras is in the Jefferson County, OR HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,213. The median county two-bedroom FMR in Oregon is $1,325, so Madras is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Madras, OR
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,160
−0.9%
$1,044–$1,276
1BR
$1,180
$1,170
−0.8%
$1,053–$1,287
2BR
$1,440
$1,440
0.0%
$1,296–$1,584
3BR
$2,020
$2,010
−0.5%
$1,809–$2,211
4BR
$2,420
$2,340
−3.3%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Madras, OR
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,170
$1,440
$2,010
$2,340
FY 2026
$1,170
$1,180
$1,440
$2,020
$2,420
FY 2025
$760
$850
$1,110
$1,560
$1,750
FY 2024area FMR
$741
$843
$1,093
$1,540
$1,757
FY 2023area FMR
$683
$806
$1,021
$1,451
$1,736
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Madras, OR rents
How much will Section 8 pay for a two-bedroom in Madras, OR?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,213, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,092 to $1,334 a month; under the ZIP-level Small Area FMR of $1,440 it would be $1,296 to $1,584. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Madras, OR in?
Madras, OR is in the Jefferson County, OR HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,213.
How much did fair market rent change in Madras, OR for FY 2027?
The two-bedroom FMR was unchanged at $1,440 in FY 2027. Since FY 2025 it has risen 29.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set