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Linn County/Shedd/97377

97377

ZIPSAFMR
Linn County, OR
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,620
1 BR$1,900$1,900
2 BR$2,320$2,320
3 BR$3,200$3,200
4 BR$3,610$3,610
5 BR$4,152Not available
6 BR$4,774Not available
7 BR$5,490Not available
8 BR$6,314Not available

Purchase Price Calculator

Maximum purchase price
$282,835

Cost breakdown

+Likely effective rent$2,320
HUD FMRUsed$2,320
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,430
Loan amount$226,268
Down payment$56,567
Rate6.50%
Term30 years
-Operating costs-$690
Property taxes-$283
Insurance-$175
Utilities$0
HOA$0
Management-$232
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,054(65.5% ROI)
Projected value
$304,582
Return breakdown
Property appreciation+$21,747
Loan principal paid down+$8,107
Rental cash flow+$7,200
5-year hold
+$63,623(112.5% ROI)
Projected value
$320,001
Return breakdown
Property appreciation+$37,167
Loan principal paid down+$14,456
Rental cash flow+$12,000
10-year hold
+$137,664(243.4% ROI)
Projected value
$362,052
Return breakdown
Property appreciation+$79,218
Loan principal paid down+$34,447
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 97377 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97377 (Shedd, OR) is $2,320 a month. That is up 26.1% from $1,840 in FY 2026. Shedd 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, 97377 has the 3rd-highest two-bedroom rent (county range $1,530–$2,590). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97377 is 75% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97377
BedroomsFY 2027Change90–110% range
Studio$1,620+27.6%$1,458–$1,782
1BR$1,900+25.0%$1,710–$2,090
2BR$2,320+26.1%$2,088–$2,552
3BR$3,200+28.5%$2,880–$3,520
4BR$3,610+24.9%$3,249–$3,971

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97377
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,900$2,320$3,200$3,610
FY 2026$1,270$1,520$1,840$2,490$2,890
FY 2025$1,100$1,320$1,600$2,150$2,510
FY 2024$1,050$1,260$1,550$2,090$2,440
FY 2023$1,050$1,180$1,490$2,040$2,380

Two-bedroom rent in nearby Linn County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97377
97346$1,530−34.1%
97348$2,590+11.6%
97350$1,760−24.1%
97352$1,530−34.1%
97355$1,740−25.0%
97358$1,620−30.2%
97360$1,590−31.5%
97374$1,700−26.7%
97377Current$2,320—
97383$1,530−34.1%
97386$1,620−30.2%
97389$2,530+9.1%

Questions about ZIP 97377 rents

How much will Section 8 pay for a two-bedroom in ZIP 97377?

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 $2,320 it would be $2,088 to $2,552. 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 97377 in?

ZIP 97377 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 97377 for FY 2027?

The two-bedroom FMR rose 26.1%, from $1,840 in FY 2026 to $2,320 in FY 2027. Since FY 2023 it has risen 55.7%.

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