FY2027 Small Area FMR · Halsey, OR

ZIP 97348 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97348 (Halsey, OR) is $2,590 a month, up 20.5% from FY2026. That is 50% above the Albany, OR area-wide FMR of $1,726.

2-bedroom SAFMR$2,590per month ▲ 20.5%

Area-wide 2 BR FMR$1,726Albany, OR

Rank in the area1stof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,331

2 BR Small Area FMR$2,590

110% of SAFMR$2,849

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

Studio$1,800▲ 21.6%

1 BR$2,120▲ 19.8%

2 BR$2,590▲ 20.5%

3 BR$3,570▲ 22.7%

4 BR$4,010▲ 18.6%

FY2027 FY2026

Where 97348 sits in the Albany, OR area

Of the 22 ZIP codes HUD lists for the area, 97348 has the 1st highest two-bedroom Small Area FMR. Albany, 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 $1,726 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,590 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	$1,800	$1,620 – $1,980	$1,202	$1,480
1 bedroom	$2,120	$1,908 – $2,332	$1,413	$1,770
2 bedrooms	$2,590	$2,331 – $2,849	$1,726	$2,150
3 bedrooms	$3,570	$3,213 – $3,927	$2,380	$2,910
4 bedrooms	$4,010	$3,609 – $4,411	$2,672	$3,380

A household renting a two-bedroom home at the Small Area FMR of $2,590 needs about $103,600 a year to keep housing costs at 30% of income. The area median family income is $97,300 and the 80% low-income limit for four people is $79,050. ZIP code 97348 lies mainly in Linn County. See the Albany, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97377	Shedd	5.6 mi	$2,320
97327	Brownsville	8.6 mi	$1,760
97446	Harrisburg	9.1 mi	$1,550
97333	Corvallis	10.3 mi	$1,900
97389	Tangent	10.5 mi	$2,530
97456	Monroe	12.4 mi	$1,830

Questions

What is the Fair Market Rent for ZIP code 97348?

HUD's FY2027 Small Area Fair Market Rents for 97348 are $1,800 (studio), $2,120 (1 BR), $2,590 (2 BR), $3,570 (3 BR) and $4,010 (4 BR) a month.

What is the Section 8 payment standard in 97348?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97348 that range is $2,331 to $2,849 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97348?

The FY2026 income limits of the Albany, OR area apply: median family income $97,300, low-income (80%) limit $79,050 for a family of four.