FY2027 Small Area FMR · Eugene, OR

ZIP 97408 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97408 (Eugene, OR) is $1,980 a month, down 7.5% from FY2026. That is 28% above the Eugene-Springfield, OR area-wide FMR of $1,546.

2-bedroom SAFMR$1,980per month ▼ 7.5%

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

Rank in the area3rdof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,782

2 BR Small Area FMR$1,980

110% of SAFMR$2,178

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

Studio$1,480▼ 4.5%

1 BR$1,510▼ 7.4%

2 BR$1,980▼ 7.5%

3 BR$2,740▼ 8.1%

4 BR$3,310▼ 7.8%

FY2027 FY2026

Where 97408 sits in the Eugene-Springfield, OR area

Of the 42 ZIP codes HUD lists for the area, 97408 has the 3rd 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 $1,980 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	$1,480	$1,332 – $1,628	$1,157	$1,550
1 bedroom	$1,510	$1,359 – $1,661	$1,182	$1,630
2 bedrooms	$1,980	$1,782 – $2,178	$1,546	$2,140
3 bedrooms	$2,740	$2,466 – $3,014	$2,141	$2,980
4 bedrooms	$3,310	$2,979 – $3,641	$2,584	$3,590

A household renting a two-bedroom home at the Small Area FMR of $1,980 needs about $79,200 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 97408 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
97404	Eugene	4.5 mi	$1,730
97401	Eugene	5.3 mi	$1,650
97477	Springfield	6.3 mi	$1,520
97403	Eugene	7.4 mi	$1,630
97446	Harrisburg	8.1 mi	$1,550
97402	Eugene	10.8 mi	$1,570

Questions

What is the Fair Market Rent for ZIP code 97408?

HUD's FY2027 Small Area Fair Market Rents for 97408 are $1,480 (studio), $1,510 (1 BR), $1,980 (2 BR), $2,740 (3 BR) and $3,310 (4 BR) a month.

What is the Section 8 payment standard in 97408?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97408 that range is $1,782 to $2,178 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97408?

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.