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Jackson County/Medford/97504

97504

ZIPSAFMR
Jackson County, OR
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,280$1,320
2 BR$1,580$1,680
3 BR$2,190$2,250
4 BR$2,610$2,790
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$187,731

Cost breakdown

+Likely effective rent$1,680
HUD FMR$1,580
Market rent$1,740
Est. payment standard (107%)Used$1,680
-Principal and interest-$949
Loan amount$150,185
Down payment$37,546
Rate6.50%
Term30 years
-Operating costs-$531
Property taxes-$188
Insurance-$175
Utilities$0
HOA$0
Management-$168
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,015(72.0% ROI)
Projected value
$202,166
Return breakdown
Property appreciation+$14,435
Loan principal paid down+$5,381
Rental cash flow+$7,200
5-year hold
+$46,265(123.2% ROI)
Projected value
$212,400
Return breakdown
Property appreciation+$24,669
Loan principal paid down+$9,595
Rental cash flow+$12,000
10-year hold
+$99,444(264.9% ROI)
Projected value
$240,311
Return breakdown
Property appreciation+$52,581
Loan principal paid down+$22,864
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.96
2 BR
0.91
3 BR
0.96
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97504 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97504 (Medford, OR) is $1,580 a month. That is up 0.6% from $1,570 in FY 2026. Medford is in the Medford, 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 $1,539. Among 18 ZIP codes in Jackson County, 97504 has the 4th-highest two-bedroom rent (county range $1,380–$2,000). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97504 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97504
BedroomsFY 2027Change90–110% range
Studio$1,100+1.9%$990–$1,210
1BR$1,280+1.6%$1,152–$1,408
2BR$1,580+0.6%$1,422–$1,738
3BR$2,190+0.5%$1,971–$2,409
4BR$2,610+1.2%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97504
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,280$1,580$2,190$2,610
FY 2026$1,080$1,260$1,570$2,180$2,580
FY 2025$990$1,130$1,450$2,030$2,390
FY 2024$940$1,050$1,380$1,940$2,330
FY 2023$850$960$1,270$1,800$2,160

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97504
97497$1,380−12.7%
97501$1,530−3.2%
97502$1,570−0.6%
97503$1,500−5.1%
97504Current$1,580—
97520$1,610+1.9%
97522$1,380−12.7%
97524$1,450−8.2%
97525$1,410−10.8%
97526$1,380−12.7%
97527$1,520−3.8%
97530$2,000+26.6%

Questions about ZIP 97504 rents

How much will Section 8 pay for a two-bedroom in ZIP 97504?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,539, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,385 to $1,693 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 97504 in?

ZIP 97504 is in the Medford, OR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,539.

How much did fair market rent change in ZIP 97504 for FY 2027?

The two-bedroom FMR rose 0.6%, from $1,570 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 24.4%.

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