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Marion County/Turner/97392

97392

ZIPSAFMR
Marion County, OR
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,160
1 BR$1,170$1,170
2 BR$1,530$1,530
3 BR$2,120$2,060
4 BR$2,320$2,350
5 BR$2,668Not available
6 BR$3,068Not available
7 BR$3,528Not available
8 BR$4,058Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMRUsed$1,530
Market rentN/A
Est. payment standardN/A
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

3 BR
1.03
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97392 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97392 (Turner, OR) is $1,530 a month. That is up 10.1% from $1,390 in FY 2026. Turner is in the Salem, 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 $1,692. Among 31 ZIP codes in Marion County, 97392 is tied for the 27th-highest two-bedroom rent (county range $1,480–$2,110). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97392 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97392
BedroomsFY 2027Change90–110% range
Studio$1,160+11.5%$1,044–$1,276
1BR$1,170+8.3%$1,053–$1,287
2BR$1,530+10.1%$1,377–$1,683
3BR$2,120+9.3%$1,908–$2,332
4BR$2,320+10.0%$2,088–$2,552

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97392
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,170$1,530$2,120$2,320
FY 2026$1,040$1,080$1,390$1,940$2,110
FY 2025$990$1,030$1,330$1,850$2,010
FY 2024$950$1,010$1,280$1,800$2,000
FY 2023$990$1,050$1,330$1,890$2,180

Two-bedroom rent in nearby Marion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97392
97350$1,760+15.0%
97352$1,5300.0%
97358$1,620+5.9%
97360$1,590+3.9%
97362$1,730+13.1%
97373$1,480−3.3%
97375$1,830+19.6%
97381$1,920+25.5%
97383$1,5300.0%
97384$1,700+11.1%
97385$1,920+25.5%
97392Current$1,530—

Questions about ZIP 97392 rents

How much will Section 8 pay for a two-bedroom in ZIP 97392?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,692, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,523 to $1,861 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 97392 in?

ZIP 97392 is in the Salem, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,692.

How much did fair market rent change in ZIP 97392 for FY 2027?

The two-bedroom FMR rose 10.1%, from $1,390 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 15.0%.

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