FY2027 Small Area FMR · Salem, OR

ZIP 97305 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97305 (Salem, OR) is $1,760 a month, up 7.3% from FY2026. That is 4% above the Salem, OR area-wide FMR of $1,692.

2-bedroom SAFMR$1,760per month ▲ 7.3%

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

Rank in the area14thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,584

2 BR Small Area FMR$1,760

110% of SAFMR$1,936

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

Studio$1,340▲ 8.1%

1 BR$1,350▲ 7.1%

2 BR$1,760▲ 7.3%

3 BR$2,440▲ 7.5%

4 BR$2,670▲ 8.5%

FY2027 FY2026

Where 97305 sits in the Salem, OR area

Of the 42 ZIP codes HUD lists for the area, 97305 has the 14th 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 $1,760 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	$1,340	$1,206 – $1,474	$1,285	$1,240
1 bedroom	$1,350	$1,215 – $1,485	$1,294	$1,260
2 bedrooms	$1,760	$1,584 – $1,936	$1,692	$1,640
3 bedrooms	$2,440	$2,196 – $2,684	$2,341	$2,270
4 bedrooms	$2,670	$2,403 – $2,937	$2,564	$2,460

A household renting a two-bedroom home at the Small Area FMR of $1,760 needs about $70,400 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 97305 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
97303	Salem	4.8 mi	$1,680
97301	Salem	5.8 mi	$1,610
97026	Gervais	6.5 mi	$2,030
97310	Salem	6.6 mi	$1,700
97317	Salem	7.8 mi	$1,760
97373	Saint Benedict	8.2 mi	$1,480

Questions

What is the Fair Market Rent for ZIP code 97305?

HUD's FY2027 Small Area Fair Market Rents for 97305 are $1,340 (studio), $1,350 (1 BR), $1,760 (2 BR), $2,440 (3 BR) and $2,670 (4 BR) a month.

What is the Section 8 payment standard in 97305?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97305 that range is $1,584 to $1,936 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97305?

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.