FY2026 Fair Market Rents — Corvallis, OR MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,350
1BR
$1,451
2BR
$1,824
3BR
$2,537
4BR
$2,862
Hours/week at min wage
96 hrs
to afford the 2BR FMR @ $14.70/hr (OR)
National rank
#89
of 661 U.S. metros (top 14% most expensive)
YoY change (2BR)
+11%
+$181 vs FY2025 · 5-yr +49.9%
Voucher payment standard
$1,642–$2,006
PHAs set HCV payment at 90–110% of the 2BR FMR
Corvallis, OR MSA
Metropolitan area · OR · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,350 | $16,200 |
| 1-Bedroom | $1,451 | $17,412 |
| 2-Bedroom | $1,824 | $21,888 |
| 3-Bedroom | $2,537 | $30,444 |
| 4-Bedroom | $2,862 | $34,344 |
Recent 2-Bedroom FMR Trend
FY2020 $1,177 → FY2026 $1,824
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,350 | $1,451 | $1,824 | $2,537 | $2,862 |
| FY2025 | $1,200 | $1,279 | $1,643 | $2,302 | $2,490 |
| FY2024 | $1,192 | $1,236 | $1,570 | $2,212 | $2,495 |
| FY2023 | $1,107 | $1,158 | $1,430 | $2,032 | $2,410 |
| FY2022 | $1,000 | $1,065 | $1,272 | $1,807 | $2,177 |
| FY2021 | $932 | $1,031 | $1,217 | $1,742 | $2,107 |
| FY2020 | $869 | $991 | $1,177 | $1,698 | $2,066 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $125,000
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $26,250 | $30,000 | $33,750 | $37,500 | $40,500 | $44,360 |
| 50% AMI (Very Low) | $43,750 | $50,000 | $56,250 | $62,500 | $67,500 | $72,500 |
| 80% AMI (Low) | $70,000 | $80,000 | $90,000 | $100,000 | $108,000 | $116,000 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$21,888/yr
FMR as % of Area Median Income
17.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$72,960/yr
$6,080/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,093 | $1,250 | $1,406 | $1,687 | $1,812 |
| 60% AMI Maximum | $1,312 | $1,500 | $1,687 | $2,025 | $2,175 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,350 | $1,451 | $1,824 | $2,031 | $2,031 |
| Low HOME Rent | $1,093 | $1,250 | $1,406 | $1,562 | $1,687 |
Compare Corvallis, OR MSA With Other OR Metros
vs. Albany, OR MSA
vs. Bend-Redmond, OR MSA
vs. Crook County, OR HUD Metro FMR Area
vs. Eugene-Springfield, OR MSA
vs. Grants Pass, OR MSA