Lane County/Cheshire/97419

97419

ZIPSAFMR

Lane County, OR

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ZIP Investment Score

53Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,110	$1,220	3.2%
1 BR	$1,160	$1,280	0.9%
2 BR	$1,520	$1,670	0.9%
3 BR	$2,120	$2,170	0.5%
4 BR	$2,550	$2,260	0.5%
5 BR	$2,933	Not available	0.5%
6 BR	$3,372	Not available	0.5%
7 BR	$3,878	Not available	0.5%
8 BR	$4,460	Not available	0.5%

Purchase Price Calculator

Maximum purchase price

$186,245

Cost breakdown

+Likely effective rent$1,670

HUD FMR$1,520

Market rent$1,880

Est. payment standard (110%)Used$1,670

-Principal and interest-$942

Loan amount$148,996

Down payment$37,249

Rate6.50%

Term30 years

-Operating costs-$528

Property taxes-$186

Insurance-$175

Utilities$0

HOA$0

Management-$167

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$26,859(72.1% ROI)

Projected value

$200,565

Return breakdown

Property appreciation+$14,320

Loan principal paid down+$5,338

Rental cash flow+$7,200

5-year hold

+$45,993(123.5% ROI)

Projected value

$210,719

Return breakdown

Property appreciation+$24,474

Loan principal paid down+$9,519

Rental cash flow+$12,000

10-year hold

+$98,847(265.4% ROI)

Projected value

$238,409

Return breakdown

Property appreciation+$52,164

Loan principal paid down+$22,683

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.67ratio

FMR$1,110

Market$1,650

vs market-$540

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

0.67

1 BR

0.70ratio

FMR$1,160

Market$1,660

vs market-$500

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

0.70

2 BR

0.81ratio

FMR$1,520

Market$1,880

vs market-$360

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

0.81

3 BR

0.96ratio

FMR$2,120

Market$2,200

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.96

4 BR

1.13ratio

FMR$2,550

Market$2,260

vs market+$290

FMR is above market; underwrite to market rent.

1.13

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 97419 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97419 (Cheshire, OR) is $1,520 a month. That is up 4.8% from $1,450 in FY 2026. Cheshire is in the Eugene-Springfield, 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 $1,546. Among 42 ZIP codes in Lane County, 97419 is tied for the 29th-highest two-bedroom rent (county range $1,520–$2,320). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97419 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97419
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,060	$1,110	+4.7%	$999–$1,221
1BR	$1,110	$1,160	+4.5%	$1,044–$1,276
2BR	$1,450	$1,520	+4.8%	$1,368–$1,672
3BR	$2,020	$2,120	+5.0%	$1,908–$2,332
4BR	$2,430	$2,550	+4.9%	$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97419
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,110	$1,160	$1,520	$2,120	$2,550
FY 2026	$1,060	$1,110	$1,450	$2,020	$2,430
FY 2025	$1,060	$1,140	$1,500	$2,100	$2,520
FY 2024	$1,010	$1,130	$1,480	$2,090	$2,510
FY 2023	$980	$1,120	$1,470	$2,090	$2,500

Two-bedroom rent in nearby Lane County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 97419
97404	$1,730	+13.8%
97405	$1,640	+7.9%
97408	$1,980	+30.3%
97409	$1,550	+2.0%
97412	$1,520	0.0%
97413	$1,550	+2.0%
97419Current	$1,520	—
97424	$1,520	0.0%
97426	$1,530	+0.7%
97430	$1,520	0.0%
97431	$2,310	+52.0%
97434	$1,520	0.0%

Questions about ZIP 97419 rents

How much will Section 8 pay for a two-bedroom in ZIP 97419?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,546, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,391 to $1,701 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 97419 in?

ZIP 97419 is in the Eugene-Springfield, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,546.

How much did fair market rent change in ZIP 97419 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,450 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 3.4%.

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 rent Cheshire, OR fair market rent OR statewide rents What is SAFMR?Data sources