Polk County, OR

2024 Fair Market Rents

Tags: 2024 Salem, OR MSA

Return to the state page to see where Oregon ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Polk County are Salem, Dallas, Independence, and Sheridan. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Polk County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Polk County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Polk County compare?

Polk County ($1,340) has a 2.5% higher FMR for 2-Bedroom housing than the average of Oregon ($1,307) and therefore a higher gross rent.

Polk County is rank 14th out of 36 counties. This means the FMRs, or in other words, the gross rent is higher than 22 other counties. Polk County is the 14th most expensive county in terms of FMRs.

Rent Tables Polk County, OR

Fair Market Rent (40th Percentile)

$997
studio
$1,053
1-Bedroom
$1,340
2-Bedroom
$1,888
3-Bedroom
$2,095
4-Bedroom

Median Rent (50th Percentile)

$1,058
studio
$1,118
1-Bedroom
$1,422
2-Bedroom
$2,004
3-Bedroom
$2,224
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
97101 $1,420 $1,530 $1,770 $2,460 $2,830
97304 $1,350 $1,450 $1,660 $2,320 $2,700
97347 $1,350 $1,450 $1,660 $2,320 $2,700
97378 $1,350 $1,450 $1,660 $2,320 $2,700
97396 $1,350 $1,450 $1,660 $2,320 $2,700
97101 $1,420 $1,530 $1,770 $2,460 $2,830
97304 $1,350 $1,450 $1,660 $2,320 $2,700
97338 $910 $960 $1,220 $1,720 $1,910
97344 $1,000 $1,050 $1,340 $1,890 $2,100
97347 $1,350 $1,450 $1,660 $2,320 $2,700
97351 $1,110 $1,170 $1,490 $2,100 $2,330
97371 $1,120 $1,190 $1,470 $2,070 $2,320
97378 $1,350 $1,450 $1,660 $2,320 $2,700
97396 $1,350 $1,450 $1,660 $2,320 $2,700
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
97101 $1,278 $1,377 $1,593 $2,214 $2,547
97304 $1,215 $1,305 $1,494 $2,088 $2,430
97347 $1,215 $1,305 $1,494 $2,088 $2,430
97378 $1,215 $1,305 $1,494 $2,088 $2,430
97396 $1,215 $1,305 $1,494 $2,088 $2,430
97101 $1,278 $1,377 $1,593 $2,214 $2,547
97304 $1,215 $1,305 $1,494 $2,088 $2,430
97338 $819 $864 $1,098 $1,548 $1,719
97344 $900 $945 $1,206 $1,701 $1,890
97347 $1,215 $1,305 $1,494 $2,088 $2,430
97351 $999 $1,053 $1,341 $1,890 $2,097
97371 $1,008 $1,071 $1,323 $1,863 $2,088
97378 $1,215 $1,305 $1,494 $2,088 $2,430
97396 $1,215 $1,305 $1,494 $2,088 $2,430
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
97101 $1,562 $1,683 $1,947 $2,706 $3,113
97304 $1,485 $1,595 $1,826 $2,552 $2,970
97347 $1,485 $1,595 $1,826 $2,552 $2,970
97378 $1,485 $1,595 $1,826 $2,552 $2,970
97396 $1,485 $1,595 $1,826 $2,552 $2,970
97101 $1,562 $1,683 $1,947 $2,706 $3,113
97304 $1,485 $1,595 $1,826 $2,552 $2,970
97338 $1,001 $1,056 $1,342 $1,892 $2,101
97344 $1,100 $1,155 $1,474 $2,079 $2,310
97347 $1,485 $1,595 $1,826 $2,552 $2,970
97351 $1,221 $1,287 $1,639 $2,310 $2,563
97371 $1,232 $1,309 $1,617 $2,277 $2,552
97378 $1,485 $1,595 $1,826 $2,552 $2,970
97396 $1,485 $1,595 $1,826 $2,552 $2,970

Fair Market Rents on this page apply to the following cities in Polk County, Oregon: Salem, Dallas, Independence, Sheridan, Amity, Willamina, Grand Ronde, Falls City, and Rickreall.

These Fair Market Rents also apply to the following ZIP codes in Polk County, Oregon: 97304, 97338, 97351, 97378, 97101, 97396, 97347, 97344, and 97371.

Polk County, OR is considered part of the following metro FMR area: SALEM, OR MSA.

Other counties in the same metro FMR area are: Marion County, OR.

More on Polk County, OR

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.