FY2027 Small Area FMR · Walterville, OR

ZIP 97489 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97489 (Walterville, OR) is $1,570 a month, down 8.7% from FY2026. That is 2% above the Eugene-Springfield, OR area-wide FMR of $1,546.

2-bedroom SAFMR$1,570per month ▼ 8.7%

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

Rank in the area15thof 42 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,180▼ 5.6%

1 BR$1,200▼ 8.4%

2 BR$1,570▼ 8.7%

3 BR$2,170▼ 9.2%

4 BR$2,620▼ 9.3%

FY2027 FY2026

Where 97489 sits in the Eugene-Springfield, OR area

Of the 42 ZIP codes HUD lists for the area, 97489 has the 15th 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 $1,570 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	$1,180	$1,062 – $1,298	$1,157	$1,250
1 bedroom	$1,200	$1,080 – $1,320	$1,182	$1,310
2 bedrooms	$1,570	$1,413 – $1,727	$1,546	$1,720
3 bedrooms	$2,170	$1,953 – $2,387	$2,141	$2,390
4 bedrooms	$2,620	$2,358 – $2,882	$2,584	$2,890

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 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 97489 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
97488	Vida	10.4 mi	$1,550
97454	Marcola	10.7 mi	$1,620
97478	Springfield	12.2 mi	$1,570
97386	Sweet Home	14.4 mi	$1,620
97438	Fall Creek	15.5 mi	$2,320
97345	Foster	17.2 mi	$1,660

Questions

What is the Fair Market Rent for ZIP code 97489?

HUD's FY2027 Small Area Fair Market Rents for 97489 are $1,180 (studio), $1,200 (1 BR), $1,570 (2 BR), $2,170 (3 BR) and $2,620 (4 BR) a month.

What is the Section 8 payment standard in 97489?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97489 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97489?

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.