97338
ZIPSAFMR
Polk County, OR
BRFMR
Eff. Rent
0 BR$1,100$1,180
1 BR$1,120$1,230
2 BR$1,450$1,600
3 BR$2,010$2,210
4 BR$2,170$2,380
5 BR$2,496
6 BR$2,870
7 BR$3,300
8 BR$3,795

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$1,450
Market rent$1,750
Est. payment standard (110%)Used$1,600
Estimated payment standard is $1,600 (110% of FMR).
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Current value$175,843
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Current value$175,843
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Current value$175,843
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.89ratio
FMR$1,100
Market$1,230
vs market-$130

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

90% standard$990 / 0.80 ratio110% standard$1,210 / 0.98 ratio
0.89
1 BR
1 BR
0.81ratio
FMR$1,120
Market$1,390
vs market-$270

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

90% standard$1,008 / 0.73 ratio110% standard$1,232 / 0.89 ratio
0.81
2 BR
2 BR
0.83ratio
FMR$1,450
Market$1,750
vs market-$300

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

90% standard$1,305 / 0.75 ratio110% standard$1,595 / 0.91 ratio
0.83
3 BR
3 BR
0.87ratio
FMR$2,010
Market$2,310
vs market-$300

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

90% standard$1,809 / 0.78 ratio110% standard$2,211 / 0.96 ratio
0.87
4 BR
4 BR
0.87ratio
FMR$2,170
Market$2,490
vs market-$320

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

90% standard$1,953 / 0.78 ratio110% standard$2,387 / 0.96 ratio
0.87
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 97338 (OR) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

97338 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 97338 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,450 and the 4 bedroom fair market rent is $2,170.

Use this page for searches like 97338 FMR, 97338 fair market rent, and 97338 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 97338
Bedroom sizeHUD FMR
Studio$1,100
1 bedroom$1,120
2 bedroom$1,450
3 bedroom$2,010
4 bedroom$2,170