The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Springfield, OR 97477's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 97477 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $801 to a high of $979, with an average of $890.
One-bedroom: One-bedroom rental prices vary, with a minimum of $891, a maximum of $1,089, and an average of $990.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,170, peaking at a maximum of $1,430, and averaging at $1,300.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,647, a maximum of $2,013, and an average of $1,830.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,989 to a maximum of $2,431, with an average of $2,210.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Springfield, OR 97477 Low Rent (90%) $801 $891 $1,170 $1,647 $1,989
Average Rent $890 $990 $1,300 $1,830 $2,210
High Rent(110%) $979 $1,089 $1,430 $2,013 $2,431
2023 Springfield, OR 97477 Low Rent (90%) $765 $864 $1,143 $1,620 $1,944
Average Rent $850 $960 $1,270 $1,800 $2,160
High Rent (110%) $935 $1,056 $1,397 $1,980 $2,376
2022 Springfield, OR 97477 Low Rent (90%) $702 $801 $1,053 $1,494 $1,800
Average Rent $780 $890 $1,170 $1,660 $2,000
High Rent(110%) $858 $979 $1,287 $1,826 $2,200
2021 Springfield, OR 97477 Low Rent (90%) $675 $774 $1,017 $1,458 $1,737
Average Rent $750 $860 $1,130 $1,620 $1,930
High Rent (110%) $825 $946 $1,243 $1,782 $2,123
2020 Springfield, OR 97477 Low Rent (90%) $657 $756 $999 $1,440 $1,692
Average Rent $730 $840 $1,110 $1,600 $1,880
High Rent(110%) $803 $924 $1,221 $1,760 $2,068
2019 Springfield, OR 97477 Low Rent (90%) $576 $657 $873 $1,260 $1,485
Average Rent $640 $730 $970 $1,400 $1,650
High Rent (110%) $704 $803 $1,067 $1,540 $1,815


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