Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 97708 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97708 (Bend, OR) is $1,890 a month. That is up 6.2% from $1,780 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, 97708 is tied for the 4th-highest two-bedroom rent (county range $1,610–$2,350). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97708 is 43% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 97708
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,440
+5.9%
$1,296–$1,584
1BR
$1,370
$1,440
+5.1%
$1,296–$1,584
2BR
$1,780
$1,890
+6.2%
$1,701–$2,079
3BR
$2,480
$2,620
+5.6%
$2,358–$2,882
4BR
$2,990
$3,160
+5.7%
$2,844–$3,476
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 97708
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,440
$1,440
$1,890
$2,620
$3,160
FY 2026
$1,360
$1,370
$1,780
$2,480
$2,990
FY 2025
$1,290
$1,320
$1,670
$2,340
$2,800
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
How much will Section 8 pay for a two-bedroom in ZIP 97708?
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 $1,890 it would be $1,701 to $2,079. 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 97708 in?
ZIP 97708 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 97708 for FY 2027?
The two-bedroom FMR rose 6.2%, from $1,780 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 26.8%.
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