FY2027 Small Area FMR · Fall Creek, OR

ZIP 97438 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97438 (Fall Creek, OR) is $2,320 a month, down 8.3% from FY2026. That is 50% above the Eugene-Springfield, OR area-wide FMR of $1,546.

2-bedroom SAFMR$2,320per month ▼ 8.3%

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

Rank in the area1stof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,088

2 BR Small Area FMR$2,320

110% of SAFMR$2,552

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

Studio$1,740▼ 4.9%

1 BR$1,770▼ 8.3%

2 BR$2,320▼ 8.3%

3 BR$3,210▼ 8.8%

4 BR$3,880▼ 8.5%

FY2027 FY2026

Where 97438 sits in the Eugene-Springfield, OR area

Of the 42 ZIP codes HUD lists for the area, 97438 has the 1st 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 $2,320 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	$1,740	$1,566 – $1,914	$1,157	$1,830
1 bedroom	$1,770	$1,593 – $1,947	$1,182	$1,930
2 bedrooms	$2,320	$2,088 – $2,552	$1,546	$2,530
3 bedrooms	$3,210	$2,889 – $3,531	$2,141	$3,520
4 bedrooms	$3,880	$3,492 – $4,268	$2,584	$4,240

A household renting a two-bedroom home at the Small Area FMR of $2,320 needs about $92,800 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 97438 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
97452	Lowell	5.9 mi	$1,520
97431	Dexter	9.4 mi	$2,310
97455	Pleasant Hill	11.9 mi	$1,810
97478	Springfield	12.8 mi	$1,570
97489	Walterville	15.5 mi	$1,570
97426	Creswell	17.6 mi	$1,530

Questions

What is the Fair Market Rent for ZIP code 97438?

HUD's FY2027 Small Area Fair Market Rents for 97438 are $1,740 (studio), $1,770 (1 BR), $2,320 (2 BR), $3,210 (3 BR) and $3,880 (4 BR) a month.

What is the Section 8 payment standard in 97438?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97438 that range is $2,088 to $2,552 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97438?

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.