Oregon (OR)

STATESAFMR

Found 476 ZIPs

State Median Investment Score

67Below average

095130300

BR	Rent	3Y CAGR
0 BR	$711 - $1,527Median: $1,157	4.1%
1 BR	$775 - $1,633Median: $1,182	3.6%
2 BR	$1,014 - $1,893Median: $1,546	3.2%
3 BR	$1,380 - $2,621Median: $2,141	2.2%
4 BR	$1,695 - $3,164Median: $2,564	2.6%

Market Alignment

Studio

Studio- 18 ZIPs

0.43-0.64ratio range

Median FMR$968

Median Market$1,705

vs market-$737

FMR is below market; voucher rent may lag private rents.

Studio- 13 ZIPs

0.65-0.68ratio range

Median FMR$1,063

Median Market$1,600

vs market-$537

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.69-0.73ratio range

Median FMR$1,157

Median Market$1,645

vs market-$488

FMR is below market; voucher rent may lag private rents.

Studio- 14 ZIPs

0.73-0.77ratio range

Median FMR$1,157

Median Market$1,540

vs market-$383

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.78-0.81ratio range

Median FMR$1,285

Median Market$1,635

vs market-$350

FMR is below market; voucher rent may lag private rents.

Studio- 8 ZIPs

0.81-0.86ratio range

Median FMR$1,117

Median Market$1,320

vs market-$204

FMR is below market; voucher rent may lag private rents.

Studio- 13 ZIPs

0.86-0.90ratio range

Median FMR$1,285

Median Market$1,460

vs market-$175

FMR is below market; voucher rent may lag private rents.

Studio- 7 ZIPs

0.92-0.94ratio range

Median FMR$1,202

Median Market$1,290

vs market-$88

FMR is near market; voucher and private rents are aligned.

Studio- 28 ZIPs

0.94-0.98ratio range

Median FMR$1,527

Median Market$1,590

vs market-$63

FMR is near market; voucher and private rents are aligned.

Studio- 7 ZIPs

0.98-1.01ratio range

Median FMR$1,285

Median Market$1,300

vs market-$15

FMR is near market; voucher and private rents are aligned.

Studio- 18 ZIPs

1.02-1.05ratio range

Median FMR$1,527

Median Market$1,455

vs market+$72

FMR is near market; voucher and private rents are aligned.

Studio- 19 ZIPs

1.06-1.10ratio range

Median FMR$1,527

Median Market$1,420

vs market+$107

FMR is near market; voucher and private rents are aligned.

Studio- 20 ZIPs

1.11-1.15ratio range

Median FMR$1,527

Median Market$1,350

vs market+$177

FMR is above market; underwrite to market rent.

Studio- 7 ZIPs

1.17-1.18ratio range

Median FMR$1,527

Median Market$1,300

vs market+$227

FMR is above market; underwrite to market rent.

Studio- 5 ZIPs

1.20-1.24ratio range

Median FMR$1,527

Median Market$1,230

vs market+$297

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.26ratio

FMR$1,527

Market$1,210

vs market+$317

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.33ratio

FMR$1,527

Market$1,150

vs market+$377

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.39ratio

FMR$1,527

Market$1,100

vs market+$427

FMR is above market; underwrite to market rent.

0.43-1.39

1 BR

1 BR- 17 ZIPs

0.47-0.64ratio range

Median FMR$1,054

Median Market$1,810

vs market-$756

FMR is below market; voucher rent may lag private rents.

1 BR- 6 ZIPs

0.65-0.68ratio range

Median FMR$1,070

Median Market$1,615

vs market-$545

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.69-0.72ratio range

Median FMR$1,182

Median Market$1,695

vs market-$513

FMR is below market; voucher rent may lag private rents.

1 BR- 13 ZIPs

0.73-0.76ratio range

Median FMR$1,182

Median Market$1,600

vs market-$418

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.77-0.81ratio range

Median FMR$1,538

Median Market$1,915

vs market-$377

FMR is below market; voucher rent may lag private rents.

1 BR- 39 ZIPs

0.82-0.86ratio range

Median FMR$1,633

Median Market$1,960

vs market-$327

FMR is below market; voucher rent may lag private rents.

1 BR- 27 ZIPs

0.86-0.90ratio range

Median FMR$1,413

Median Market$1,580

vs market-$167

FMR is below market; voucher rent may lag private rents.

1 BR- 17 ZIPs

0.90-0.94ratio range

Median FMR$1,633

Median Market$1,740

vs market-$107

FMR is near market; voucher and private rents are aligned.

1 BR- 17 ZIPs

0.94-0.98ratio range

Median FMR$1,633

Median Market$1,670

vs market-$37

FMR is near market; voucher and private rents are aligned.

1 BR- 17 ZIPs

0.98-1.01ratio range

Median FMR$1,633

Median Market$1,630

vs market+$3

FMR is near market; voucher and private rents are aligned.

1 BR- 10 ZIPs

1.02-1.05ratio range

Median FMR$1,633

Median Market$1,550

vs market+$83

FMR is near market; voucher and private rents are aligned.

1 BR- 13 ZIPs

1.06-1.10ratio range

Median FMR$1,633

Median Market$1,530

vs market+$103

FMR is near market; voucher and private rents are aligned.

1 BR- 8 ZIPs

1.10-1.14ratio range

Median FMR$1,633

Median Market$1,450

vs market+$183

FMR is above market; underwrite to market rent.

1 BR- 1 ZIP

1.22ratio

FMR$1,633

Market$1,340

vs market+$293

FMR is above market; underwrite to market rent.

0.47-1.22

2 BR

2 BR- 29 ZIPs

0.51-0.64ratio range

Median FMR$1,878

Median Market$2,940

vs market-$1,062

FMR is below market; voucher rent may lag private rents.

2 BR- 4 ZIPs

0.66-0.67ratio range

Median FMR$1,395

Median Market$2,125

vs market-$730

FMR is below market; voucher rent may lag private rents.

2 BR- 9 ZIPs

0.70-0.72ratio range

Median FMR$1,726

Median Market$2,440

vs market-$714

FMR is below market; voucher rent may lag private rents.

2 BR- 11 ZIPs

0.73-0.77ratio range

Median FMR$1,400

Median Market$1,910

vs market-$510

FMR is below market; voucher rent may lag private rents.

2 BR- 17 ZIPs

0.77-0.81ratio range

Median FMR$1,726

Median Market$2,150

vs market-$424

FMR is below market; voucher rent may lag private rents.

2 BR- 27 ZIPs

0.82-0.85ratio range

Median FMR$1,878

Median Market$2,210

vs market-$332

FMR is below market; voucher rent may lag private rents.

2 BR- 25 ZIPs

0.86-0.90ratio range

Median FMR$1,692

Median Market$1,950

vs market-$258

FMR is below market; voucher rent may lag private rents.

2 BR- 25 ZIPs

0.90-0.94ratio range

Median FMR$1,878

Median Market$2,000

vs market-$122

FMR is near market; voucher and private rents are aligned.

2 BR- 27 ZIPs

0.94-0.98ratio range

Median FMR$1,878

Median Market$1,930

vs market-$52

FMR is near market; voucher and private rents are aligned.

2 BR- 15 ZIPs

0.98-1.01ratio range

Median FMR$1,857

Median Market$1,850

vs market+$7

FMR is near market; voucher and private rents are aligned.

2 BR- 9 ZIPs

1.02-1.06ratio range

Median FMR$1,726

Median Market$1,680

vs market+$46

FMR is near market; voucher and private rents are aligned.

2 BR- 5 ZIPs

1.06-1.10ratio range

Median FMR$1,878

Median Market$1,720

vs market+$158

FMR is near market; voucher and private rents are aligned.

2 BR- 2 ZIPs

1.12-1.14ratio range

Median FMR$1,785

Median Market$1,575

vs market+$210

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.17ratio

FMR$1,878

Market$1,610

vs market+$268

FMR is above market; underwrite to market rent.

0.51-1.17

3 BR

3 BR- 3 ZIPs

0.66-0.68ratio range

Median FMR$1,825

Median Market$2,720

vs market-$895

FMR is below market; voucher rent may lag private rents.

3 BR- 22 ZIPs

0.69-0.73ratio range

Median FMR$2,550

Median Market$3,560

vs market-$1,010

FMR is below market; voucher rent may lag private rents.

3 BR- 6 ZIPs

0.73-0.77ratio range

Median FMR$1,758

Median Market$2,400

vs market-$642

FMR is below market; voucher rent may lag private rents.

3 BR- 10 ZIPs

0.77-0.81ratio range

Median FMR$1,925

Median Market$2,445

vs market-$520

FMR is below market; voucher rent may lag private rents.

3 BR- 9 ZIPs

0.82-0.85ratio range

Median FMR$1,892

Median Market$2,260

vs market-$368

FMR is below market; voucher rent may lag private rents.

3 BR- 20 ZIPs

0.86-0.90ratio range

Median FMR$2,141

Median Market$2,450

vs market-$309

FMR is below market; voucher rent may lag private rents.

3 BR- 10 ZIPs

0.91-0.94ratio range

Median FMR$2,550

Median Market$2,745

vs market-$195

FMR is near market; voucher and private rents are aligned.

3 BR- 36 ZIPs

0.94-0.98ratio range

Median FMR$2,550

Median Market$2,620

vs market-$70

FMR is near market; voucher and private rents are aligned.

3 BR- 29 ZIPs

0.98-1.02ratio range

Median FMR$2,380

Median Market$2,390

vs market-$10

FMR is near market; voucher and private rents are aligned.

3 BR- 26 ZIPs

1.02-1.06ratio range

Median FMR$2,550

Median Market$2,445

vs market+$105

FMR is near market; voucher and private rents are aligned.

3 BR- 11 ZIPs

1.06-1.10ratio range

Median FMR$2,550

Median Market$2,370

vs market+$180

FMR is near market; voucher and private rents are aligned.

3 BR- 12 ZIPs

1.10-1.15ratio range

Median FMR$2,361

Median Market$2,075

vs market+$286

FMR is above market; underwrite to market rent.

3 BR- 9 ZIPs

1.15-1.20ratio range

Median FMR$2,131

Median Market$1,790

vs market+$341

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.20-1.23ratio range

Median FMR$2,341

Median Market$1,910

vs market+$431

FMR is above market; underwrite to market rent.

0.66-1.23

4 BR

4 BR- 1 ZIP

0.57ratio

FMR$1,919

Market$3,380

vs market-$1,461

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.70ratio

FMR$3,069

Market$4,370

vs market-$1,301

FMR is below market; voucher rent may lag private rents.

4 BR- 5 ZIPs

0.74-0.77ratio range

Median FMR$3,069

Median Market$4,000

vs market-$931

FMR is below market; voucher rent may lag private rents.

4 BR- 6 ZIPs

0.77-0.81ratio range

Median FMR$2,705

Median Market$3,395

vs market-$691

FMR is below market; voucher rent may lag private rents.

4 BR- 15 ZIPs

0.82-0.85ratio range

Median FMR$2,340

Median Market$2,820

vs market-$480

FMR is below market; voucher rent may lag private rents.

4 BR- 8 ZIPs

0.86-0.89ratio range

Median FMR$2,574

Median Market$2,900

vs market-$326

FMR is below market; voucher rent may lag private rents.

4 BR- 18 ZIPs

0.90-0.94ratio range

Median FMR$3,069

Median Market$3,280

vs market-$211

FMR is near market; voucher and private rents are aligned.

4 BR- 38 ZIPs

0.94-0.98ratio range

Median FMR$3,069

Median Market$3,150

vs market-$81

FMR is near market; voucher and private rents are aligned.

4 BR- 18 ZIPs

0.98-1.02ratio range

Median FMR$3,069

Median Market$3,025

vs market+$44

FMR is near market; voucher and private rents are aligned.

4 BR- 26 ZIPs

1.02-1.06ratio range

Median FMR$2,584

Median Market$2,515

vs market+$69

FMR is near market; voucher and private rents are aligned.

4 BR- 25 ZIPs

1.06-1.10ratio range

Median FMR$3,069

Median Market$2,800

vs market+$269

FMR is near market; voucher and private rents are aligned.

4 BR- 20 ZIPs

1.10-1.15ratio range

Median FMR$3,069

Median Market$2,695

vs market+$374

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.16-1.19ratio range

Median FMR$2,628

Median Market$2,240

vs market+$388

FMR is above market; underwrite to market rent.

4 BR- 7 ZIPs

1.20-1.24ratio range

Median FMR$2,564

Median Market$2,100

vs market+$464

FMR is above market; underwrite to market rent.

4 BR- 3 ZIPs

1.26-1.30ratio range

Median FMR$2,584

Median Market$2,000

vs market+$584

FMR is above market; underwrite to market rent.

4 BR- 6 ZIPs

1.31-1.33ratio range

Median FMR$2,564

Median Market$1,955

vs market+$609

FMR is above market; underwrite to market rent.

4 BR- 5 ZIPs

1.38-1.49ratio range

Median FMR$2,543

Median Market$1,820

vs market+$723

FMR is above market; underwrite to market rent.

0.57-1.49

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Oregon.

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Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

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Counties

Ranked by Investment Score (vs state median)

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Oregon fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 36 counties in Oregon. The median county two-bedroom FMR is $1,325. That is down 4.9% from $1,393 in FY 2026. Two-bedroom FMRs run from $1,014 in Wheeler County to $1,893 in Deschutes County. 10 HUD metropolitan FMR areas cover 15 of those counties; each county in the same metro area shares one FMR. No area in Oregon is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Oregon
County	2BR	Change	HUD FMR area
Deschutes County	$1,893	+6.1%	Bend-Redmond, OR HUD Metro FMR Area
Hood River County	$1,888	+0.2%	Non-metro
Clackamas County	$1,878	−2.3%	Portland-Vancouver-Hillsboro, OR-WA MSA
Columbia County	$1,878	−2.3%	Portland-Vancouver-Hillsboro, OR-WA MSA
Multnomah County	$1,878	−2.3%	Portland-Vancouver-Hillsboro, OR-WA MSA
Washington County	$1,878	−2.3%	Portland-Vancouver-Hillsboro, OR-WA MSA
Yamhill County	$1,878	−2.3%	Portland-Vancouver-Hillsboro, OR-WA MSA
Benton County	$1,857	+14.5%	Corvallis, OR MSA
Linn County	$1,726	+15.1%	Albany, OR MSA
Marion County	$1,692	+8.5%	Salem, OR MSA
Polk County	$1,692	+8.5%	Salem, OR MSA
Wasco County	$1,604	+0.3%	Non-metro
Lane County	$1,546	−8.4%	Eugene-Springfield, OR MSA
Jackson County	$1,539	+0.6%	Medford, OR MSA
Lincoln County	$1,400	−5.4%	Non-metro
Crook County	$1,390	+0.4%	Crook County, OR HUD Metro FMR Area
Curry County	$1,379	−1.5%	Non-metro
Josephine County	$1,331	−2.3%	Grants Pass, OR MSA
Clatsop County	$1,318	−9.5%	Non-metro
Tillamook County	$1,301	−7.4%	Non-metro
Sherman County	$1,214	−9.8%	Non-metro
Jefferson County	$1,213	−1.3%	Jefferson County, OR HUD Metro FMR Area
Douglas County	$1,212	−4.6%	Non-metro
Coos County	$1,173	−7.3%	Non-metro
Klamath County	$1,134	−9.1%	Non-metro
Umatilla County	$1,131	−8.9%	Non-metro
Wallowa County	$1,116	−2.9%	Non-metro
Union County	$1,114	−8.8%	Non-metro
Grant County	$1,068	−5.2%	Non-metro
Lake County	$1,062	−7.7%	Non-metro
Baker County	$1,014	−3.2%	Non-metro
Gilliam County	$1,014	−3.2%	Non-metro
Harney County	$1,014	+0.6%	Non-metro
Malheur County	$1,014	−6.2%	Non-metro
Morrow County	$1,014	−1.3%	Non-metro
Wheeler County	$1,014	+0.4%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Oregon
Metro area	Counties	2BR
Bend-Redmond, OR HUD Metro FMR Area	1	$1,893
Portland-Vancouver-Hillsboro, OR-WA MSA	5	$1,878
Corvallis, OR MSA	1	$1,857
Albany, OR MSA	1	$1,726
Salem, OR MSA	2	$1,692
Eugene-Springfield, OR MSA	1	$1,546
Medford, OR MSA	1	$1,539
Crook County, OR HUD Metro FMR Area	1	$1,390
Grants Pass, OR MSA	1	$1,331
Jefferson County, OR HUD Metro FMR Area	1	$1,213

Questions about Oregon rents

What is the fair market rent in Oregon?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Oregon is $1,325. Look up the county or ZIP code to see the value that applies to a specific property.

Which Oregon counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Deschutes County ($1,893), Hood River County ($1,888), Clackamas County ($1,878).

Does Oregon use Small Area Fair Market Rents?

No area in Oregon is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Oregon counties Oregon cities Oregon ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027