FY2027 Small Area FMR · Monument, OR

ZIP 97864 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97864 (Monument, OR) is $1,070 a month, down 5.3% from FY2026. That is 0% equal to the Grant County, OR area-wide FMR of $1,068.

2-bedroom SAFMR$1,070per month ▼ 5.3%

Area-wide 2 BR FMR$1,068Grant County, OR

Rank in the area5thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$760▼ 3.8%

1 BR$950▼ 4.0%

2 BR$1,070▼ 5.3%

3 BR$1,390▼ 9.7%

4 BR$1,790▼ 5.8%

FY2027 FY2026

Where 97864 sits in the Grant County, OR area

Of the 12 ZIP codes HUD lists for the area, 97864 has the 5th highest two-bedroom Small Area FMR. Grant 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 $1,068 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$760	$684 – $836	$757	$790
1 bedroom	$950	$855 – $1,045	$948	$990
2 bedrooms	$1,070	$963 – $1,177	$1,068	$1,130
3 bedrooms	$1,390	$1,251 – $1,529	$1,380	$1,540
4 bedrooms	$1,790	$1,611 – $1,969	$1,785	$1,900

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $77,600 and the 80% low-income limit for four people is $66,900. ZIP code 97864 lies mainly in Grant County. See the Grant County, OR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97848	Kimberly	9.1 mi	$1,070
97856	Long Creek	15.2 mi	$1,070
97874	Spray	21.2 mi	$1,010
97865	Mount Vernon	26.9 mi	$1,020
97825	Dayville	29.2 mi	$1,160
97880	Ukiah	33.4 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 97864?

HUD's FY2027 Small Area Fair Market Rents for 97864 are $760 (studio), $950 (1 BR), $1,070 (2 BR), $1,390 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 97864?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97864 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97864?

The FY2026 income limits of the Grant County, OR area apply: median family income $77,600, low-income (80%) limit $66,900 for a family of four.