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97494

ZIPSAFMR
Douglas County, OR
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$930$1,020
2 BR$1,220$1,340
3 BR$1,700$1,830
4 BR$2,040$1,990
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,220
Market rent$1,530
Est. payment standard (110%)Used$1,340
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.82
2 BR
0.80
3 BR
0.89
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 97494 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97494 (Wilbur, OR) is $1,220 a month. That is down 9.6% from $1,350 in FY 2026. Wilbur 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, 97494 has the 9th-highest two-bedroom rent (county range $1,150–$1,570). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97494 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97494
BedroomsFY 2027Change90–110% range
Studio$840−9.7%$756–$924
1BR$930−9.7%$837–$1,023
2BR$1,220−9.6%$1,098–$1,342
3BR$1,700−9.6%$1,530–$1,870
4BR$2,040−9.7%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97494
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$930$1,220$1,700$2,040
FY 2026$930$1,030$1,350$1,880$2,260
FY 2025$830$920$1,210$1,690$2,030
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 code2 bedroomvs. 97494
97470$1,200−1.6%
97471$1,360+11.5%
97473$1,150−5.7%
97479$1,570+28.7%
97481$1,300+6.6%
97484$1,210−0.8%
97486$1,290+5.7%
97493$1,520+24.6%
97494Current$1,220—
97495$1,210−0.8%
97496$1,180−3.3%
97499$1,530+25.4%

Questions about ZIP 97494 rents

How much will Section 8 pay for a two-bedroom in ZIP 97494?

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 $1,220 it would be $1,098 to $1,342. 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 97494 in?

ZIP 97494 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 97494 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,350 in FY 2026 to $1,220 in FY 2027. Since FY 2025 it has risen 0.8%.

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