Oregon · FIPS 41037 · HUD FY 2027
Lake County, Oregon Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $1,062 a month (rent plus utilities), 37% below the Oregon average of $1,691 and 40% below the U.S. average of $1,761. That is down $88 (7.7%) from FY 2026. At 30% of income, a household needs about $42,480 a year to afford it.
- $1,0622-bedroom FMR−$88 (−7.7%) vs FY 2026
- $8871-bedroom FMROregon: $1,397 · U.S.: $1,478
- $42,480Income for a 2-bedroom$20/hour full-time
- 30 of 362BR rank in Oregon1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | Oregon avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $740 | $793 | −$53 (−6.7%) | $1,311 | $1,379 | $29,600 |
| 1 bedroom | $887 | $929 | −$42 (−4.5%) | $1,397 | $1,478 | $35,480 |
| 2 bedrooms | $1,062 | $1,150 | −$88 (−7.7%) | $1,691 | $1,761 | $42,480 |
| 3 bedrooms | $1,471 | $1,599 | −$128 (−8.0%) | $2,315 | $2,266 | $58,840 |
| 4 bedrooms | $1,775 | $1,929 | −$154 (−8.0%) | $2,749 | $2,607 | $71,000 |
How Lake County compares
- Lake County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Oregon, 2-bedroom FMRs run from $1,014 (Wheeler County) to $1,893 (Deschutes County).
- Studio to 4-bedroom: $740, $887, $1,062, $1,471, $1,775. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 8 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,040 to $1,380.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 97620 | $740 | $880 | $1,060 | $1,470 | $1,770 | −$90 (−7.8%) | about the same as |
| 97630 | $720 | $860 | $1,040 | $1,440 | $1,740 | −$30 (−2.8%) | 2% below |
| 97636 | $960 | $1,150 | $1,380 | $1,910 | $2,310 | −$80 (−5.5%) | 30% above |
| 97637 | $740 | $880 | $1,060 | $1,470 | $1,770 | −$90 (−7.8%) | about the same as |
| 97638 | $740 | $880 | $1,060 | $1,470 | $1,770 | −$90 (−7.8%) | about the same as |
| 97640 | $940 | $1,120 | $1,350 | $1,860 | $2,250 | −$80 (−5.6%) | 27% above |
| 97641 | $720 | $850 | $1,040 | $1,440 | $1,740 | −$90 (−8.0%) | 2% below |
| 97735 | $720 | $850 | $1,040 | $1,440 | $1,740 | −$90 (−8.0%) | 2% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.