FY2027 Small Area FMR · Wolf Creek, OR
ZIP 97497 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97497 (Wolf Creek, OR) is $1,380 a month, up 4.5% from FY2026. That is 4% above the Grants Pass, OR area-wide FMR of $1,331.
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 97497 sits in the Grants Pass, OR area
Of the 13 ZIP codes HUD lists for the area, 97497 has the 6th highest two-bedroom Small Area FMR. Grants Pass, 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 $1,331 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,380 for this ZIP code instead.
ZIP code 97497 crosses more than one HUD area. HUD also lists it under Medford, OR (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $950 | $855 – $1,045 | $927 | $900 |
| 1 bedroom | $1,110 | $999 – $1,221 | $1,017 | $1,030 |
| 2 bedrooms | $1,380 | $1,242 – $1,518 | $1,331 | $1,320 |
| 3 bedrooms | $1,920 | $1,728 – $2,112 | $1,843 | $1,840 |
| 4 bedrooms | $2,270 | $2,043 – $2,497 | $2,012 | $2,170 |
A household renting a two-bedroom home at the Small Area FMR of $1,380 needs about $55,200 a year to keep housing costs at 30% of income. The area median family income is $76,700 and the 80% low-income limit for four people is $66,900. ZIP code 97497 lies mainly in Josephine County and Jackson County. See the Grants Pass, 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 97497?
HUD's FY2027 Small Area Fair Market Rents for 97497 are $950 (studio), $1,110 (1 BR), $1,380 (2 BR), $1,920 (3 BR) and $2,270 (4 BR) a month.
What is the Section 8 payment standard in 97497?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97497 that range is $1,242 to $1,518 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 97497?
The FY2026 income limits of the Grants Pass, OR area apply: median family income $76,700, low-income (80%) limit $66,900 for a family of four.