HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Klamath County, Oregon (FY 2027)
A two-bedroom in Klamath County carries a FY 2027 Fair Market Rent of $1,134 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Klamath keys off that figure.
Two-bedroom FMR
$1,134
-9.1% from FY 2026
Payment standard
$1,021–$1,247
90% to 110% of the FMR, two-bedroom
Income to afford
$45,360
a year, with rent at 30% of income
Rank in Oregon
25th of 36
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $790 | $711–$869 | $31,600 | $15.19/hr | -8.1% |
| 1 bedroom | $888 | $799–$977 | $35,520 | $17.08/hr | -7.3% |
| 2 bedroom | $1,134 | $1,021–$1,247 | $45,360 | $21.81/hr | -9.1% |
| 3 bedroom | $1,570 | $1,413–$1,727 | $62,800 | $30.19/hr | -9.5% |
| 4 bedroom | $1,895 | $1,706–$2,085 | $75,800 | $36.44/hr | -9.4% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,179 | $1,961–$2,397 |
| 6 bedroom Estimate | $2,464 | $2,218–$2,710 |
| 7 bedroom Estimate | $2,748 | $2,473–$3,023 |
| 8 bedroom Estimate | $3,032 | $2,729–$3,335 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Klamath actually rent for?
Search any address in Klamath for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Klamath somewhere between $1,021 and $1,247. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,134 a month is affordable, by HUD's 30% rule, on an income of roughly $45,360 a year. Put another way, $22 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,021 | Voucher pays at 100%$1,134 | Voucher pays at 110%$1,247 |
|---|---|---|---|---|
| $2,500 | $750 | $271 | $384 | $497 |
| $4,000 | $1,200 | $0 | $0 | $47 |
Rate history
The two-bedroom rate went down 9% from FY 2026 ($1,247) to FY 2027 ($1,134). Since FY 2020 it's up 33% in total, about 4.2% a year. The Oregon median moved down 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $566 | $648 | $852 | $1,201 | $1,331 | — |
| FY 2021 | $593 | $653 | $858 | $1,219 | $1,366 | +0.7% |
| FY 2022 | $606 | $693 | $912 | $1,295 | $1,552 | +6.3% |
| FY 2023 | $636 | $722 | $951 | $1,352 | $1,620 | +4.3% |
| FY 2024 | $700 | $786 | $1,033 | $1,456 | $1,753 | +8.6% |
| FY 2025 | $758 | $842 | $1,105 | $1,548 | $1,856 | +7.0% |
| FY 2026 | $860 | $958 | $1,247 | $1,734 | $2,092 | +12.9% |
| FY 2027In effect | $790 | $888 | $1,134 | $1,570 | $1,895 | -9.1% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Klamath, that runs from $790 for a studio up to $1,895 for four bedrooms, all five rates in the table above.
Because Klamath sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Klamath Falls included.
Among Oregon's 36 counties, Klamath ranks 25th for two-bedroom FMR. That's about 14% below the state median of $1,325 and about 7% above the national median county at $1,063. About 70,247 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,130 in 97601 (Klamath Falls) and $1,630 in 97632 (Malin), with the 18 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 97601 | Klamath Falls | $1,130 | -0.4% |
| 97602 | Klamath Falls | $1,130 | -0.4% |
| 97603 | Klamath Falls | $1,180 | +4.1% |
| 97604 | Crater Lake | $1,130 | -0.4% |
| 97621 | Beatty | $1,130 | -0.4% |
| 97622 | Bly | $1,130 | -0.4% |
| 97623 | Bonanza | $1,130 | -0.4% |
| 97624 | Chiloquin | $1,210 | +6.7% |
| 97625 | Dairy | $1,130 | -0.4% |
| 97626 | Fort Klamath | $1,140 | +0.5% |
| 97627 | Keno | $1,130 | -0.4% |
| 97632 | Malin | $1,630 | +43.7% |
| 97633 | Merrill | $1,130 | -0.4% |
| 97634 | Midland | $1,180 | +4.1% |
| 97639 | Sprague River | $1,130 | -0.4% |
| 97731 | Chemult | $1,150 | +1.4% |
| 97733 | Crescent | $1,130 | -0.4% |
| 97737 | Gilchrist | $1,440 | +27.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Klamath.
Jackson County
60 mi · 222,645 people
$1,539
+36%
Lake County
60 mi · 8,267 people
$1,062
-6%
Josephine County
93 mi · 88,179 people
$1,331
+17%
Douglas County
103 mi · 112,072 people
$1,212
+7%
Deschutes County
109 mi · 206,334 people
$1,893
+67%
Lane County
129 mi · 384,207 people
$1,546
+36%
Crook County
132 mi · 26,277 people
$1,390
+23%
Coos County
136 mi · 64,827 people
$1,173
+3%
Questions people ask
$1,134 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $790 for a studio, $888 for one bedroom, $1,570 for three and $1,895 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Klamath actually go for?
HUD's number is one input. Search any address in Klamath for a rent estimate built from nearby comps. Free to start, no card.
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