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FY2017 Hypothetical Small Area FMRs For Polk County, OR

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Polk County is part of the Salem, OR MSA.

Polk County, OR Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
97101 $930 $1,030 $1,230 $1,790 $2,170 1.016
97304 $560 $630 $840 $1,220 $1,480 1.032
97338 $540 $610 $810 $1,180 $1,430 1.001
97344 $550 $620 $820 $1,190 $1,440 1.009
97347 $550 $620 $790 $1,150 $1,390 0.832
97351 $600 $680 $900 $1,310 $1,590 1.110
97361 $480 $530 $710 $1,030 $1,250 0.865
97370 $550 $620 $820 $1,190 $1,440 1.006
97371 $820 $920 $1,220 $1,780 $2,150 1.710
97378 $710 $790 $950 $1,380 $1,670 0.801
97396 $650 $730 $900 $1,310 $1,590 0.837

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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