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Benton County/Junction City/97448

97448

ZIPSAFMR
Benton County, OR
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,340
1 BR$1,310$1,440
2 BR$1,650$1,800
3 BR$2,290$2,200
4 BR$2,580$2,290
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Purchase Price Calculator

Maximum purchase price
$205,563

Cost breakdown

+Likely effective rent$1,800
HUD FMR$1,650
Market rent$1,880
Est. payment standard (109%)Used$1,800
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.79
2 BR
0.88
3 BR
1.04
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97448 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97448 (Junction City, OR) is $1,650 a month. That is up 11.5% from $1,480 in FY 2026. Junction City is in the Corvallis, 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 $1,857. Among 11 ZIP codes in Benton County, 97448 is tied for the 8th-highest two-bedroom rent (county range $1,650–$1,900). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97448 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97448
BedroomsFY 2027Change90–110% range
Studio$1,220+13.0%$1,098–$1,342
1BR$1,310+12.9%$1,179–$1,441
2BR$1,650+11.5%$1,485–$1,815
3BR$2,290+10.1%$2,061–$2,519
4BR$2,580+4.9%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97448
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,310$1,650$2,290$2,580
FY 2026$1,080$1,160$1,480$2,080$2,460
FY 2025$1,080$1,120$1,420$2,000$2,250
FY 2024$1,000$1,050$1,290$1,830$2,170
FY 2023$900$960$1,240$1,760$2,110

Two-bedroom rent in nearby Benton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97448
97321$1,720+4.2%
97324$1,6500.0%
97326$1,6500.0%
97330$1,870+13.3%
97331$1,890+14.5%
97333$1,900+15.2%
97339$1,860+12.7%
97361$1,6500.0%
97370$1,850+12.1%
97448Current$1,650—
97456$1,830+10.9%

Questions about ZIP 97448 rents

How much will Section 8 pay for a two-bedroom in ZIP 97448?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,857, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,671 to $2,043 a month; under the ZIP-level Small Area FMR of $1,650 it would be $1,485 to $1,815. 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 97448 in?

ZIP 97448 is in the Corvallis, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,857.

How much did fair market rent change in ZIP 97448 for FY 2027?

The two-bedroom FMR rose 11.5%, from $1,480 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 33.1%.

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