FY2027 Small Area FMR · Silver Lake, OR

ZIP 97638 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97638 (Silver Lake, OR) is $1,060 a month, down 7.8% from FY2026. That is 0% equal to the Lake County, OR area-wide FMR of $1,062.

2-bedroom SAFMR$1,060per month ▼ 7.8%

Area-wide 2 BR FMR$1,062Lake County, OR

Rank in the area3rdof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$740▼ 6.3%

1 BR$880▼ 5.4%

2 BR$1,060▼ 7.8%

3 BR$1,470▼ 8.1%

4 BR$1,770▼ 8.3%

FY2027 FY2026

Where 97638 sits in the Lake County, OR area

Of the 10 ZIP codes HUD lists for the area, 97638 has the 3rd highest two-bedroom Small Area FMR. Lake 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 $1,062 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$740	$666 – $814	$740	$790
1 bedroom	$880	$792 – $968	$887	$930
2 bedrooms	$1,060	$954 – $1,166	$1,062	$1,150
3 bedrooms	$1,470	$1,323 – $1,617	$1,471	$1,600
4 bedrooms	$1,770	$1,593 – $1,947	$1,775	$1,930

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $85,700 and the 80% low-income limit for four people is $68,550. ZIP code 97638 lies mainly in Lake County. See the Lake County, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97735	Fort Rock	19.2 mi	$1,040
97641	Christmas Valley	25.4 mi	$1,040
97640	Summer Lake	25.8 mi	$1,350
97624	Chiloquin	34.0 mi	$1,210
97731	Chemult	40.8 mi	$1,150
97636	Paisley	43.1 mi	$1,380

Questions

What is the Fair Market Rent for ZIP code 97638?

HUD's FY2027 Small Area Fair Market Rents for 97638 are $740 (studio), $880 (1 BR), $1,060 (2 BR), $1,470 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 97638?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97638 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97638?

The FY2026 income limits of the Lake County, OR area apply: median family income $85,700, low-income (80%) limit $68,550 for a family of four.