FY2027 Small Area FMR · Bend, OR

ZIP 97703 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97703 (Bend, OR) is $2,040 a month, up 3.6% from FY2026. That is 8% above the Bend-Redmond, OR area-wide FMR of $1,893.

2-bedroom SAFMR$2,040per month ▲ 3.6%

Area-wide 2 BR FMR$1,893Bend-Redmond, OR

Rank in the area3rdof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,836

2 BR Small Area FMR$2,040

110% of SAFMR$2,244

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

Studio$1,550▲ 3.3%

1 BR$1,560▲ 3.3%

2 BR$2,040▲ 3.6%

3 BR$2,820▲ 2.9%

4 BR$3,410▲ 3.3%

FY2027 FY2026

Where 97703 sits in the Bend-Redmond, OR area

Of the 11 ZIP codes HUD lists for the area, 97703 has the 3rd highest two-bedroom Small Area FMR. Bend-Redmond, 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 $1,893 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,040 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	$1,550	$1,395 – $1,705	$1,438	$1,500
1 bedroom	$1,560	$1,404 – $1,716	$1,447	$1,510
2 bedrooms	$2,040	$1,836 – $2,244	$1,893	$1,970
3 bedrooms	$2,820	$2,538 – $3,102	$2,621	$2,740
4 bedrooms	$3,410	$3,069 – $3,751	$3,164	$3,300

A household renting a two-bedroom home at the Small Area FMR of $2,040 needs about $81,600 a year to keep housing costs at 30% of income. The area median family income is $120,200 and the 80% low-income limit for four people is $96,150. ZIP code 97703 lies mainly in Deschutes County. See the Bend-Redmond, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97709	Bend	5.1 mi	$1,890
97701	Bend	10.1 mi	$1,830
97702	Bend	10.7 mi	$2,050
97756	Redmond	16.3 mi	$1,690
97707	Bend	18.8 mi	$2,350
97760	Terrebonne	21.8 mi	$1,760

Questions

What is the Fair Market Rent for ZIP code 97703?

HUD's FY2027 Small Area Fair Market Rents for 97703 are $1,550 (studio), $1,560 (1 BR), $2,040 (2 BR), $2,820 (3 BR) and $3,410 (4 BR) a month.

What is the Section 8 payment standard in 97703?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97703 that range is $1,836 to $2,244 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97703?

The FY2026 income limits of the Bend-Redmond, OR area apply: median family income $120,200, low-income (80%) limit $96,150 for a family of four.