FY2026 Fair Market Rents — Salem, OR MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,181
1BR
$1,201
2BR
$1,560
3BR
$2,159
4BR
$2,338
Hours/week at min wage
82 hrs
to afford the 2BR FMR @ $14.70/hr (OR)
YoY change (2BR)
+1.1%
+$17 vs FY2025 · 5-yr +42.7%
Voucher payment standard
$1,404–$1,716
PHAs set HCV payment at 90–110% of the 2BR FMR
Salem, OR MSA
Non-Metropolitan area · OR · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,181 | $14,172 |
| 1-Bedroom | $1,201 | $14,412 |
| 2-Bedroom | $1,560 | $18,720 |
| 3-Bedroom | $2,159 | $25,908 |
| 4-Bedroom | $2,338 | $28,056 |
Recent 2-Bedroom FMR Trend
FY2020 $1,001 → FY2026 $1,560
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,181 | $1,201 | $1,560 | $2,159 | $2,338 |
| FY2025 | $1,147 | $1,198 | $1,543 | $2,148 | $2,334 |
| FY2024 | $997 | $1,053 | $1,340 | $1,888 | $2,095 |
| FY2023 | $924 | $978 | $1,245 | $1,769 | $2,037 |
| FY2022 | $846 | $882 | $1,132 | $1,608 | $1,938 |
| FY2021 | $798 | $836 | $1,093 | $1,564 | $1,892 |
| FY2020 | $709 | $761 | $1,001 | $1,444 | $1,757 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $103,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,400 | $24,450 | $27,500 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $35,650 | $40,750 | $45,850 | $50,900 | $55,000 | $59,050 |
| 80% AMI (Low) | $57,050 | $65,200 | $73,350 | $81,450 | $88,000 | $94,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$18,720/yr
FMR as % of Area Median Income
18.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$62,400/yr
$5,200/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 | $904 | $1,034 | $1,163 | $1,395 | $1,499 |
| 60% AMI Maximum | $1,085 | $1,240 | $1,395 | $1,675 | $1,799 |
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 | $1,181 | $1,201 | $1,560 | $1,680 | $1,680 |
| Low HOME Rent | $891 | $1,018 | $1,146 | $1,272 | $1,375 |
Compare Salem, OR MSA With Other OR Metros
vs. Albany, OR MSA
vs. Bend-Redmond, OR MSA
vs. Corvallis, OR MSA
vs. Crook County, OR HUD Metro FMR Area
vs. Eugene-Springfield, OR MSA