FY2027 Small Area FMR · Veneta, OR

ZIP 97487 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97487 (Veneta, OR) is $1,720 a month, down 1.7% from FY2026. That is 11% above the Eugene-Springfield, OR area-wide FMR of $1,546.

2-bedroom SAFMR$1,720per month ▼ 1.7%

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

Rank in the area8thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,548

2 BR Small Area FMR$1,720

110% of SAFMR$1,892

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

Studio$1,290▲ 1.6%

1 BR$1,310▼ 1.5%

2 BR$1,720▼ 1.7%

3 BR$2,380▼ 2.1%

4 BR$2,870▼ 2.4%

FY2027 FY2026

Where 97487 sits in the Eugene-Springfield, OR area

Of the 42 ZIP codes HUD lists for the area, 97487 has the 8th 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 $1,720 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	$1,290	$1,161 – $1,419	$1,157	$1,270
1 bedroom	$1,310	$1,179 – $1,441	$1,182	$1,330
2 bedrooms	$1,720	$1,548 – $1,892	$1,546	$1,750
3 bedrooms	$2,380	$2,142 – $2,618	$2,141	$2,430
4 bedrooms	$2,870	$2,583 – $3,157	$2,584	$2,940

A household renting a two-bedroom home at the Small Area FMR of $1,720 needs about $68,800 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 97487 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
97437	Elmira	7.3 mi	$1,570
97402	Eugene	8.8 mi	$1,570
97461	Noti	9.5 mi	$1,550
97405	Eugene	10.2 mi	$1,640
97490	Walton	11.2 mi	$1,550
97419	Cheshire	13.3 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 97487?

HUD's FY2027 Small Area Fair Market Rents for 97487 are $1,290 (studio), $1,310 (1 BR), $1,720 (2 BR), $2,380 (3 BR) and $2,870 (4 BR) a month.

What is the Section 8 payment standard in 97487?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97487 that range is $1,548 to $1,892 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97487?

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.