FY2027 Small Area FMR · Bonanza, OR

ZIP 97623 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97623 (Bonanza, OR) is $1,130 a month, up 0.9% from FY2026. That is 0% equal to the Klamath County, OR area-wide FMR of $1,134.

2-bedroom SAFMR$1,130per month ▲ 0.9%

Area-wide 2 BR FMR$1,134Klamath County, OR

Rank in the area9thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$780▲ 1.3%

1 BR$870▲ 1.2%

2 BR$1,130▲ 0.9%

3 BR$1,570▲ 0.6%

4 BR$1,890▲ 0.5%

FY2027 FY2026

Where 97623 sits in the Klamath County, OR area

Of the 19 ZIP codes HUD lists for the area, 97623 has the 9th highest two-bedroom Small Area FMR. Klamath County, 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 $1,134 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,130 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	$780	$702 – $858	$790	$770
1 bedroom	$870	$783 – $957	$888	$860
2 bedrooms	$1,130	$1,017 – $1,243	$1,134	$1,120
3 bedrooms	$1,570	$1,413 – $1,727	$1,570	$1,560
4 bedrooms	$1,890	$1,701 – $2,079	$1,895	$1,880

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 a year to keep housing costs at 30% of income. The area median family income is $86,200 and the 80% low-income limit for four people is $68,950. ZIP code 97623 lies mainly in Klamath County. See the Klamath County, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97632	Malin	14.1 mi	$1,630
97625	Dairy	17.9 mi	$1,130
97621	Beatty	18.7 mi	$1,130
97633	Merrill	18.9 mi	$1,130
97639	Sprague River	19.0 mi	$1,130
97622	Bly	19.6 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 97623?

HUD's FY2027 Small Area Fair Market Rents for 97623 are $780 (studio), $870 (1 BR), $1,130 (2 BR), $1,570 (3 BR) and $1,890 (4 BR) a month.

What is the Section 8 payment standard in 97623?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97623 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97623?

The FY2026 income limits of the Klamath County, OR area apply: median family income $86,200, low-income (80%) limit $68,950 for a family of four.