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Linn County/Halsey/97348

97348

ZIPSAFMR
Linn County, OR
Zillow

ZIP Investment Score

121Above average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,800
1 BR$2,120$2,120
2 BR$2,590$2,590
3 BR$3,570$3,570
4 BR$4,010$4,010
5 BR$4,612Not available
6 BR$5,303Not available
7 BR$6,099Not available
8 BR$7,014Not available

Purchase Price Calculator

Maximum purchase price
$322,956

Cost breakdown

+Likely effective rent$2,590
HUD FMRUsed$2,590
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,633
Loan amount$258,365
Down payment$64,591
Rate6.50%
Term30 years
-Operating costs-$757
Property taxes-$323
Insurance-$175
Utilities$0
HOA$0
Management-$259
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,289(63.9% ROI)
Projected value
$347,789
Return breakdown
Property appreciation+$24,832
Loan principal paid down+$9,257
Rental cash flow+$7,200
5-year hold
+$70,946(109.8% ROI)
Projected value
$365,396
Return breakdown
Property appreciation+$42,439
Loan principal paid down+$16,507
Rental cash flow+$12,000
10-year hold
+$153,788(238.1% ROI)
Projected value
$413,412
Return breakdown
Property appreciation+$90,455
Loan principal paid down+$39,333
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 97348 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97348 (Halsey, OR) is $2,590 a month. That is up 20.5% from $2,150 in FY 2026. Halsey is in the Albany, 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 $1,726. Among 22 ZIP codes in Linn County, 97348 has the highest two-bedroom rent (county range $1,530–$2,590). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97348 is 96% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97348
BedroomsFY 2027Change90–110% range
Studio$1,800+21.6%$1,620–$1,980
1BR$2,120+19.8%$1,908–$2,332
2BR$2,590+20.5%$2,331–$2,849
3BR$3,570+22.7%$3,213–$3,927
4BR$4,010+18.6%$3,609–$4,411

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97348
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$2,120$2,590$3,570$4,010
FY 2026$1,480$1,770$2,150$2,910$3,380
FY 2025$1,010$1,210$1,470$1,970$2,310
FY 2024$950$1,130$1,400$1,890$2,210
FY 2023$910$1,020$1,290$1,770$2,060

Two-bedroom rent in nearby Linn County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97348
97329$1,590−38.6%
97333$1,900−26.6%
97335$1,720−33.6%
97336$1,660−35.9%
97345$1,660−35.9%
97346$1,530−40.9%
97348Current$2,590—
97350$1,760−32.0%
97352$1,530−40.9%
97355$1,740−32.8%
97358$1,620−37.5%
97360$1,590−38.6%

Questions about ZIP 97348 rents

How much will Section 8 pay for a two-bedroom in ZIP 97348?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,726, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,553 to $1,899 a month; under the ZIP-level Small Area FMR of $2,590 it would be $2,331 to $2,849. 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 97348 in?

ZIP 97348 is in the Albany, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,726.

How much did fair market rent change in ZIP 97348 for FY 2027?

The two-bedroom FMR rose 20.5%, from $2,150 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 100.8%.

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

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