FY2027 Small Area FMR · Salem, OR

ZIP 97301 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97301 (Salem, OR) is $1,610 a month, up 8.1% from FY2026. That is 5% below the Salem, OR area-wide FMR of $1,692.

2-bedroom SAFMR$1,610per month ▲ 8.1%

Area-wide 2 BR FMR$1,692Salem, OR

Rank in the area34thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,449

2 BR Small Area FMR$1,610

110% of SAFMR$1,771

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,220▲ 8.0%

1 BR$1,230▲ 7.0%

2 BR$1,610▲ 8.1%

3 BR$2,230▲ 8.3%

4 BR$2,440▲ 9.4%

FY2027 FY2026

Where 97301 sits in the Salem, OR area

Of the 42 ZIP codes HUD lists for the area, 97301 has the 34th highest two-bedroom Small Area FMR. Salem, OR is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,692 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,610 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,220	$1,098 – $1,342	$1,285	$1,130
1 bedroom	$1,230	$1,107 – $1,353	$1,294	$1,150
2 bedrooms	$1,610	$1,449 – $1,771	$1,692	$1,490
3 bedrooms	$2,230	$2,007 – $2,453	$2,341	$2,060
4 bedrooms	$2,440	$2,196 – $2,684	$2,564	$2,230

A household renting a two-bedroom home at the Small Area FMR of $1,610 needs about $64,400 a year to keep housing costs at 30% of income. The area median family income is $103,400 and the 80% low-income limit for four people is $81,450. ZIP code 97301 lies mainly in Marion County. See the Salem, OR metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97310	Salem	1.7 mi	$1,700
97302	Salem	4.3 mi	$1,620
97317	Salem	5.7 mi	$1,760
97303	Salem	5.7 mi	$1,680
97305	Salem	5.8 mi	$1,760
97304	Salem	6.6 mi	$1,830

Questions

What is the Fair Market Rent for ZIP code 97301?

HUD's FY2027 Small Area Fair Market Rents for 97301 are $1,220 (studio), $1,230 (1 BR), $1,610 (2 BR), $2,230 (3 BR) and $2,440 (4 BR) a month.

What is the Section 8 payment standard in 97301?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97301 that range is $1,449 to $1,771 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97301?

The FY2026 income limits of the Salem, OR area apply: median family income $103,400, low-income (80%) limit $81,450 for a family of four.