Skip to main content
Loading page
Benton County/Corvallis/97330

97330

ZIPSAFMR
Benton County, OR
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,370$1,450
1 BR$1,500$1,650
2 BR$1,870$1,970
3 BR$2,590$2,520
4 BR$3,120$3,050
5 BR$3,588Not available
6 BR$4,126Not available
7 BR$4,745Not available
8 BR$5,457Not available

Purchase Price Calculator

Maximum purchase price
$230,825

Cost breakdown

+Likely effective rent$1,970
HUD FMR$1,870
Market rent$2,030
Est. payment standard (106%)Used$1,970
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.92
1 BR
0.85
2 BR
0.92
3 BR
1.03
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97330 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97330 (Corvallis, OR) is $1,870 a month. That is up 0.5% from $1,860 in FY 2026. Corvallis is in the Corvallis, 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 $1,857. Among 11 ZIP codes in Benton County, 97330 has the 3rd-highest two-bedroom rent (county range $1,650–$1,900). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97330 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97330
BedroomsFY 2027Change90–110% range
Studio$1,370−0.7%$1,233–$1,507
1BR$1,500+1.4%$1,350–$1,650
2BR$1,870+0.5%$1,683–$2,057
3BR$2,5900.0%$2,331–$2,849
4BR$3,120+6.8%$2,808–$3,432

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97330
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,370$1,500$1,870$2,590$3,120
FY 2026$1,380$1,480$1,860$2,590$2,920
FY 2025$1,170$1,250$1,600$2,240$2,420
FY 2024$1,150$1,190$1,510$2,130$2,400
FY 2023$1,040$1,080$1,340$1,900$2,260

Two-bedroom rent in nearby Benton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97330
97321$1,720−8.0%
97324$1,650−11.8%
97326$1,650−11.8%
97330Current$1,870—
97331$1,890+1.1%
97333$1,900+1.6%
97339$1,860−0.5%
97361$1,650−11.8%
97370$1,850−1.1%
97448$1,650−11.8%
97456$1,830−2.1%

Questions about ZIP 97330 rents

How much will Section 8 pay for a two-bedroom in ZIP 97330?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,857, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,671 to $2,043 a month; under the ZIP-level Small Area FMR of $1,870 it would be $1,683 to $2,057. 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 ZIP 97330 in?

ZIP 97330 is in the Corvallis, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,857.

How much did fair market rent change in ZIP 97330 for FY 2027?

The two-bedroom FMR rose 0.5%, from $1,860 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 39.6%.

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 rentCorvallis, OR fair market rentOR statewide rentsWhat is SAFMR?Data sources