FY2027 Small Area FMR · Eugene, OR
ZIP 97405 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97405 (Eugene, OR) is $1,640 a month, down 9.4% from FY2026. That is 6% above the Eugene-Springfield, OR area-wide FMR of $1,546.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 97405 sits in the Eugene-Springfield, OR area
Of the 42 ZIP codes HUD lists for the area, 97405 has the 12th 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 $1,640 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,230 | $1,107 – $1,353 | $1,157 | $1,310 |
| 1 bedroom | $1,250 | $1,125 – $1,375 | $1,182 | $1,380 |
| 2 bedrooms | $1,640 | $1,476 – $1,804 | $1,546 | $1,810 |
| 3 bedrooms | $2,270 | $2,043 – $2,497 | $2,141 | $2,520 |
| 4 bedrooms | $2,740 | $2,466 – $3,014 | $2,584 | $3,040 |
A household renting a two-bedroom home at the Small Area FMR of $1,640 needs about $65,600 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 97405 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
Questions
What is the Fair Market Rent for ZIP code 97405?
HUD's FY2027 Small Area Fair Market Rents for 97405 are $1,230 (studio), $1,250 (1 BR), $1,640 (2 BR), $2,270 (3 BR) and $2,740 (4 BR) a month.
What is the Section 8 payment standard in 97405?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97405 that range is $1,476 to $1,804 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 97405?
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.