FY2027 Small Area FMR · Summer Lake, OR

ZIP 97640 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97640 (Summer Lake, OR) is $1,350 a month, down 5.6% from FY2026. That is 27% above the Lake County, OR area-wide FMR of $1,062.

2-bedroom SAFMR$1,350per month ▼ 5.6%

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

Rank in the area2ndof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$940▼ 5.1%

1 BR$1,120▼ 3.4%

2 BR$1,350▼ 5.6%

3 BR$1,860▼ 6.5%

4 BR$2,250▼ 6.2%

FY2027 FY2026

Where 97640 sits in the Lake County, OR area

Of the 10 ZIP codes HUD lists for the area, 97640 has the 2nd 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 $1,350 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	$940	$846 – $1,034	$740	$990
1 bedroom	$1,120	$1,008 – $1,232	$887	$1,160
2 bedrooms	$1,350	$1,215 – $1,485	$1,062	$1,430
3 bedrooms	$1,860	$1,674 – $2,046	$1,471	$1,990
4 bedrooms	$2,250	$2,025 – $2,475	$1,775	$2,400

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 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 97640 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
97636	Paisley	17.7 mi	$1,380
97638	Silver Lake	25.8 mi	$1,060
97641	Christmas Valley	29.4 mi	$1,040
97622	Bly	34.9 mi	$1,130
97630	Lakeview	38.7 mi	$1,040
97637	Plush	40.4 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 97640?

HUD's FY2027 Small Area Fair Market Rents for 97640 are $940 (studio), $1,120 (1 BR), $1,350 (2 BR), $1,860 (3 BR) and $2,250 (4 BR) a month.

What is the Section 8 payment standard in 97640?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97640 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97640?

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.