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OR/Marion County/Salem

Salem, OR

CitySAFMR
Marion County
Found 13 ZIPs
Zillow

City Median Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,220 – $1,430$1,040 – $1,290
1 BR$1,230 – $1,510$1,230 – $1,500
2 BR$1,610 – $1,880$1,600 – $1,940
3 BR$2,230 – $2,600$2,060 – $2,430
4 BR$2,440 – $2,850$2,380 – $2,950
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.94-1.26
1 BR
3
0.85-1.10
2 BR
3
0.83-1.16
3 BR
4
0.97-1.13
4 BR
3
0.92-1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Salem, OR fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 13 ZIP codes in Salem, OR ranges from $1,610 to $1,880 a month, with a median of $1,700. That is up 7.6% from $1,580 in FY 2026. Salem is in the Salem, 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 $1,692. The median county two-bedroom FMR in Oregon is $1,325, so Salem is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Salem, OR
BedroomsFY 2027Change90–110% range
Studio$1,290+7.9%$1,161–$1,419
1BR$1,300+6.6%$1,170–$1,430
2BR$1,700+7.6%$1,530–$1,870
3BR$2,355+7.8%$2,120–$2,591
4BR$2,580+8.9%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Salem, OR
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,300$1,700$2,355$2,580
FY 2026$1,195$1,220$1,580$2,185$2,370
FY 2025$1,160$1,215$1,565$2,175$2,365
FY 2024$990$1,050$1,330$1,870$2,080
FY 2023$920$970$1,240$1,760$2,030

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
97306$1,880+10.6%
97304$1,830+7.6%
97305$1,760+3.5%
97317$1,760+3.5%
97308$1,7000.0%
97309$1,7000.0%
97310$1,7000.0%
97303$1,680−1.2%
97302$1,620−4.7%
97301$1,610−5.3%

Questions about Salem, OR rents

How much will Section 8 pay for a two-bedroom in Salem, OR?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,692, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,523 to $1,861 a month; under the ZIP-level Small Area FMR of $1,700 it would be $1,530 to $1,870. 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 Salem, OR in?

Salem, OR is in the Salem, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,692.

How much did fair market rent change in Salem, OR for FY 2027?

The two-bedroom FMR rose 7.6%, from $1,580 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 37.1%.

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

County fair market rentOR statewide rentsWhat is SAFMR?Data sources