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Deschutes County/Bend/97703

97703

ZIPSAFMR
Deschutes County, OR
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$1,550$1,700
1 BR$1,560$1,720
2 BR$2,040$2,220
3 BR$2,820$3,100
4 BR$3,410$3,680
5 BR$3,921Not available
6 BR$4,510Not available
7 BR$5,186Not available
8 BR$5,964Not available

Purchase Price Calculator

Maximum purchase price
$267,975

Cost breakdown

+Likely effective rent$2,220
HUD FMR$2,040
Market rent$2,310
Est. payment standard (109%)Used$2,220
-Principal and interest-$1,355
Loan amount$214,380
Down payment$53,595
Rate6.50%
Term30 years
-Operating costs-$665
Property taxes-$268
Insurance-$175
Utilities$0
HOA$0
Management-$222
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,485(66.2% ROI)
Projected value
$288,579
Return breakdown
Property appreciation+$20,605
Loan principal paid down+$7,681
Rental cash flow+$7,200
5-year hold
+$60,911(113.7% ROI)
Projected value
$303,189
Return breakdown
Property appreciation+$35,214
Loan principal paid down+$13,697
Rental cash flow+$12,000
10-year hold
+$131,692(245.7% ROI)
Projected value
$343,030
Return breakdown
Property appreciation+$75,056
Loan principal paid down+$32,637
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.77
2 BR
0.88
3 BR
0.84
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97703 (Bend, OR) is $2,040 a month. That is up 3.6% from $1,970 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, 97703 has the 3rd-highest two-bedroom rent (county range $1,610–$2,350). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97703 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97703
BedroomsFY 2027Change90–110% range
Studio$1,550+3.3%$1,395–$1,705
1BR$1,560+3.3%$1,404–$1,716
2BR$2,040+3.6%$1,836–$2,244
3BR$2,820+2.9%$2,538–$3,102
4BR$3,410+3.3%$3,069–$3,751

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97703
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,550$1,560$2,040$2,820$3,410
FY 2026$1,500$1,510$1,970$2,740$3,300
FY 2025$1,430$1,470$1,860$2,610$3,120
FY 2024$1,120$1,280$1,620$2,280$2,750
FY 2023$1,000$1,180$1,490$2,120$2,540

Two-bedroom rent in nearby Deschutes County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97703
97701$1,830−10.3%
97702$2,050+0.5%
97703Current$2,040—
97707$2,350+15.2%
97708$1,890−7.4%
97709$1,890−7.4%
97712$1,610−21.1%
97739$1,610−21.1%
97756$1,690−17.2%
97759$1,610−21.1%
97760$1,760−13.7%

Questions about ZIP 97703 rents

How much will Section 8 pay for a two-bedroom in ZIP 97703?

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 $2,040 it would be $1,836 to $2,244. 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 97703 in?

ZIP 97703 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 97703 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,970 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 36.9%.

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