FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 97535
0.89ratio
FMR$1,150
Market$1,290
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 97535
0.85ratio
FMR$1,430
Market$1,690
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 97535
0.88ratio
FMR$1,980
Market$2,250
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 97535
0.93ratio
FMR$2,360
Market$2,550
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Phoenix, OR fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Phoenix, OR is $1,430 a month. That is down 0.7% from $1,440 in FY 2026. Phoenix is in the Medford, OR MSA. 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 $1,539. The median county two-bedroom FMR in Oregon is $1,325, so Phoenix is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Phoenix, OR
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,000
+1.0%
$900–$1,100
1BR
$1,160
$1,150
−0.9%
$1,035–$1,265
2BR
$1,440
$1,430
−0.7%
$1,287–$1,573
3BR
$2,000
$1,980
−1.0%
$1,782–$2,178
4BR
$2,370
$2,360
−0.4%
$2,124–$2,596
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Phoenix, OR
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,150
$1,430
$1,980
$2,360
FY 2026
$990
$1,160
$1,440
$2,000
$2,370
FY 2025
$910
$1,040
$1,330
$1,860
$2,200
FY 2024
$850
$960
$1,260
$1,780
$2,130
FY 2023
$750
$840
$1,110
$1,580
$1,890
Questions about Phoenix, OR rents
How much will Section 8 pay for a two-bedroom in Phoenix, OR?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,539, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,385 to $1,693 a month; under the ZIP-level Small Area FMR of $1,430 it would be $1,287 to $1,573. 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 Phoenix, OR in?
Phoenix, OR is in the Medford, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,539.
How much did fair market rent change in Phoenix, OR for FY 2027?
The two-bedroom FMR fell 0.7%, from $1,440 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 28.8%.
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