97432

ZIPSAFMR

Douglas County, OR

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$820	$900	3.1%
1 BR	$900	$990	2.0%
2 BR	$1,180	$1,300	1.9%
3 BR	$1,630	$1,790	0.9%
4 BR	$1,970	$1,950	1.5%
5 BR	$2,266	Not available	1.5%
6 BR	$2,605	Not available	1.5%
7 BR	$2,996	Not available	1.5%
8 BR	$3,446	Not available	1.5%

Purchase Price Calculator

Maximum purchase price

$131,263

Cost breakdown

+Likely effective rent$1,300

HUD FMR$1,180

Market rent$1,450

Est. payment standard (110%)Used$1,300

-Principal and interest-$664

Loan amount$105,010

Down payment$26,253

Rate6.50%

Term30 years

-Operating costs-$436

Property taxes-$131

Insurance-$175

Utilities$0

HOA$0

Management-$130

=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

+$21,055(80.2% ROI)

Projected value

$141,356

Return breakdown

Property appreciation+$10,093

Loan principal paid down+$3,762

Rental cash flow+$7,200

5-year hold

+$35,958(137.0% ROI)

Projected value

$148,512

Return breakdown

Property appreciation+$17,249

Loan principal paid down+$6,709

Rental cash flow+$12,000

10-year hold

+$76,751(292.4% ROI)

Projected value

$168,028

Return breakdown

Property appreciation+$36,765

Loan principal paid down+$15,987

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.73ratio

FMR$820

Market$1,130

vs market-$310

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

0.73

1 BR

0.84ratio

FMR$900

Market$1,070

vs market-$170

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

0.84

2 BR

0.81ratio

FMR$1,180

Market$1,450

vs market-$270

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

0.81

3 BR

0.87ratio

FMR$1,630

Market$1,880

vs market-$250

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

0.87

4 BR

1.01ratio

FMR$1,970

Market$1,950

vs market+$20

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

1.01

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 97432 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97432 (Dillard, OR) is $1,180 a month. That is down 7.1% from $1,270 in FY 2026. Dillard is in the Douglas County, OR non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,212. Among 30 ZIP codes in Douglas County, 97432 is tied for the 14th-highest two-bedroom rent (county range $1,150–$1,570). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97432 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97432
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$880	$820	−6.8%	$738–$902
1BR	$970	$900	−7.2%	$810–$990
2BR	$1,270	$1,180	−7.1%	$1,062–$1,298
3BR	$1,770	$1,630	−7.9%	$1,467–$1,793
4BR	$2,130	$1,970	−7.5%	$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97432
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$820	$900	$1,180	$1,630	$1,970
FY 2026	$880	$970	$1,270	$1,770	$2,130
FY 2025	$810	$900	$1,180	$1,650	$1,980
FY 2024area FMR	$749	$847	$1,116	$1,585	$1,883
FY 2023area FMR	$828	$941	$1,239	$1,761	$2,092

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 97432
97410	$1,160	−1.7%
97416	$1,150	−2.5%
97417	$1,180	0.0%
97424	$1,520	+28.8%
97429	$1,160	−1.7%
97432Current	$1,180	—
97435	$1,170	−0.8%
97436	$1,160	−1.7%
97441	$1,150	−2.5%
97442	$1,150	−2.5%
97443	$1,150	−2.5%
97447	$1,150	−2.5%

Questions about ZIP 97432 rents

How much will Section 8 pay for a two-bedroom in ZIP 97432?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,212, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,091 to $1,333 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 97432 in?

ZIP 97432 is in the Douglas County, OR non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,212.

How much did fair market rent change in ZIP 97432 for FY 2027?

The two-bedroom FMR fell 7.1%, from $1,270 in FY 2026 to $1,180 in FY 2027. Since FY 2025 it has risen 0.0%.

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