FY2027 Small Area FMR · Eugene, OR

ZIP 97404 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97404 (Eugene, OR) is $1,730 a month, unchanged from FY2026. That is 12% above the Eugene-Springfield, OR area-wide FMR of $1,546.

2-bedroom SAFMR$1,730per month ■ 0.0%

Area-wide 2 BR FMR$1,546Eugene-Springfield, OR

Rank in the area7thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,557

2 BR Small Area FMR$1,730

110% of SAFMR$1,903

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

Studio$1,300▲ 4.0%

1 BR$1,320■ 0.0%

2 BR$1,730■ 0.0%

3 BR$2,400▼ 0.4%

4 BR$2,890▼ 0.3%

FY2027 FY2026

Where 97404 sits in the Eugene-Springfield, OR area

Of the 42 ZIP codes HUD lists for the area, 97404 has the 7th highest two-bedroom Small Area FMR. Eugene-Springfield, 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 $1,546 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,730 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	$1,300	$1,170 – $1,430	$1,157	$1,250
1 bedroom	$1,320	$1,188 – $1,452	$1,182	$1,320
2 bedrooms	$1,730	$1,557 – $1,903	$1,546	$1,730
3 bedrooms	$2,400	$2,160 – $2,640	$2,141	$2,410
4 bedrooms	$2,890	$2,601 – $3,179	$2,584	$2,900

A household renting a two-bedroom home at the Small Area FMR of $1,730 needs about $69,200 a year to keep housing costs at 30% of income. The area median family income is $96,900 and the 80% low-income limit for four people is $78,700. ZIP code 97404 lies mainly in Lane County. See the Eugene-Springfield, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97401	Eugene	3.7 mi	$1,650
97408	Eugene	4.5 mi	$1,980
97403	Eugene	6.2 mi	$1,630
97402	Eugene	6.3 mi	$1,570
97477	Springfield	6.8 mi	$1,520
97448	Junction City	10.3 mi	$1,650

Questions

What is the Fair Market Rent for ZIP code 97404?

HUD's FY2027 Small Area Fair Market Rents for 97404 are $1,300 (studio), $1,320 (1 BR), $1,730 (2 BR), $2,400 (3 BR) and $2,890 (4 BR) a month.

What is the Section 8 payment standard in 97404?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97404 that range is $1,557 to $1,903 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97404?

The FY2026 income limits of the Eugene-Springfield, OR area apply: median family income $96,900, low-income (80%) limit $78,700 for a family of four.