FY2027 Small Area FMR · Lebanon, OR

ZIP 97355 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97355 (Lebanon, OR) is $1,740 a month, up 1.2% from FY2026. That is 1% above the Albany, OR area-wide FMR of $1,726.

2-bedroom SAFMR$1,740per month ▲ 1.2%

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

Rank in the area8thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,566

2 BR Small Area FMR$1,740

110% of SAFMR$1,914

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

Studio$1,210▲ 1.7%

1 BR$1,420■ 0.0%

2 BR$1,740▲ 1.2%

3 BR$2,400▲ 3.0%

4 BR$2,690▼ 0.4%

FY2027 FY2026

Where 97355 sits in the Albany, OR area

Of the 22 ZIP codes HUD lists for the area, 97355 has the 8th 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 $1,740 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	$1,210	$1,089 – $1,331	$1,202	$1,190
1 bedroom	$1,420	$1,278 – $1,562	$1,413	$1,420
2 bedrooms	$1,740	$1,566 – $1,914	$1,726	$1,720
3 bedrooms	$2,400	$2,160 – $2,640	$2,380	$2,330
4 bedrooms	$2,690	$2,421 – $2,959	$2,672	$2,700

A household renting a two-bedroom home at the Small Area FMR of $1,740 needs about $69,600 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 97355 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
97335	Crabtree	7.9 mi	$1,720
97374	Scio	10.1 mi	$1,700
97322	Albany	11.7 mi	$1,790
97336	Crawfordsville	12.0 mi	$1,660
97327	Brownsville	12.5 mi	$1,760
97386	Sweet Home	12.8 mi	$1,620

Questions

What is the Fair Market Rent for ZIP code 97355?

HUD's FY2027 Small Area Fair Market Rents for 97355 are $1,210 (studio), $1,420 (1 BR), $1,740 (2 BR), $2,400 (3 BR) and $2,690 (4 BR) a month.

What is the Section 8 payment standard in 97355?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97355 that range is $1,566 to $1,914 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97355?

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.