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Deschutes County/Bend/97701

97701

ZIPSAFMR
Deschutes County, OR
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,530
1 BR$1,400$1,540
2 BR$1,830$2,010
3 BR$2,530$2,460
4 BR$3,060$3,090
5 BR$3,519Not available
6 BR$4,047Not available
7 BR$4,654Not available
8 BR$5,352Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$1,830
Market rent$2,230
Est. payment standard (110%)Used$2,010
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.71
2 BR
0.82
3 BR
1.03
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97701 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97701 (Bend, OR) is $1,830 a month. That is up 2.2% from $1,790 in FY 2026. Bend is in the Bend-Redmond, OR HUD Metro 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 metro-wide two-bedroom FMR of $1,893. Among 11 ZIP codes in Deschutes County, 97701 has the 6th-highest two-bedroom rent (county range $1,610–$2,350). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97701 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97701
BedroomsFY 2027Change90–110% range
Studio$1,390+1.5%$1,251–$1,529
1BR$1,400+1.4%$1,260–$1,540
2BR$1,830+2.2%$1,647–$2,013
3BR$2,530+1.6%$2,277–$2,783
4BR$3,060+2.0%$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97701
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,400$1,830$2,530$3,060
FY 2026$1,370$1,380$1,790$2,490$3,000
FY 2025$1,300$1,330$1,680$2,350$2,820
FY 2024$1,110$1,270$1,610$2,270$2,730
FY 2023$1,020$1,210$1,530$2,170$2,610

Two-bedroom rent in nearby Deschutes County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97701
97701Current$1,830—
97702$2,050+12.0%
97703$2,040+11.5%
97707$2,350+28.4%
97708$1,890+3.3%
97709$1,890+3.3%
97712$1,610−12.0%
97739$1,610−12.0%
97756$1,690−7.7%
97759$1,610−12.0%
97760$1,760−3.8%

Questions about ZIP 97701 rents

How much will Section 8 pay for a two-bedroom in ZIP 97701?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,893, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,704 to $2,082 a month; under the ZIP-level Small Area FMR of $1,830 it would be $1,647 to $2,013. 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 97701 in?

ZIP 97701 is in the Bend-Redmond, OR HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,893.

How much did fair market rent change in ZIP 97701 for FY 2027?

The two-bedroom FMR rose 2.2%, from $1,790 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 19.6%.

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