Skip to main content
Loading page
Jackson County/Shady Cove/97539

97539

ZIPSAFMR
Jackson County, OR
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$970$970
1 BR$1,120$1,120
2 BR$1,390$1,390
3 BR$1,920$1,920
4 BR$2,300$2,300
5 BR$2,645Not available
6 BR$3,042Not available
7 BR$3,498Not available
8 BR$4,023Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMRUsed$1,390
Market rentN/A
Est. payment standardN/A
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97539 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97539 (Shady Cove, OR) is $1,390 a month. That is down 9.2% from $1,530 in FY 2026. Shady Cove 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, 97539 has the 13th-highest two-bedroom rent (county range $1,380–$2,000). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97539 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97539
BedroomsFY 2027Change90–110% range
Studio$970−7.6%$873–$1,067
1BR$1,120−8.9%$1,008–$1,232
2BR$1,390−9.2%$1,251–$1,529
3BR$1,920−9.9%$1,728–$2,112
4BR$2,300−8.4%$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97539
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$1,120$1,390$1,920$2,300
FY 2026$1,050$1,230$1,530$2,130$2,510
FY 2025$1,110$1,270$1,620$2,270$2,670
FY 2024$1,100$1,240$1,630$2,300$2,750
FY 2023$1,050$1,190$1,570$2,230$2,670

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97539
97522$1,380−0.7%
97524$1,450+4.3%
97525$1,410+1.4%
97526$1,380−0.7%
97527$1,520+9.4%
97530$2,000+43.9%
97535$1,430+2.9%
97536$1,380−0.7%
97537$1,470+5.8%
97539Current$1,390—
97540$1,730+24.5%
97541$1,380−0.7%

Questions about ZIP 97539 rents

How much will Section 8 pay for a two-bedroom in ZIP 97539?

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 $1,390 it would be $1,251 to $1,529. 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 97539 in?

ZIP 97539 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 97539 for FY 2027?

The two-bedroom FMR fell 9.2%, from $1,530 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has fallen 11.5%.

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