HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Sherman County, Oregon (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Sherman County is $1,214 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,214
-9.8% from FY 2026
Payment standard
$1,093–$1,335
90% to 110% of the FMR, two-bedroom
Income to afford
$48,560
a year, with rent at 30% of income
Rank in Oregon
21st 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 | $922 | $830–$1,014 | $36,880 | $17.73/hr | -1.6% |
| 1 bedroom | $928 | $835–$1,021 | $37,120 | $17.85/hr | -9.6% |
| 2 bedroom | $1,214 | $1,093–$1,335 | $48,560 | $23.35/hr | -9.8% |
| 3 bedroom | $1,618 | $1,456–$1,780 | $64,720 | $31.12/hr | -3.5% |
| 4 bedroom | $2,033 | $1,830–$2,236 | $81,320 | $39.10/hr | -10.0% |
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 | $2,338 | $2,104–$2,572 |
| 6 bedroom Estimate | $2,643 | $2,379–$2,907 |
| 7 bedroom Estimate | $2,948 | $2,653–$3,243 |
| 8 bedroom Estimate | $3,253 | $2,928–$3,578 |
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 Sherman actually rent for?
Search any address in Sherman 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 Sherman somewhere between $1,093 and $1,335. 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.
$1,214 a month is affordable, by HUD's 30% rule, on an income of roughly $48,560 a year. Put another way, $23 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%$1,093 | Voucher pays at 100%$1,214 | Voucher pays at 110%$1,335 |
|---|---|---|---|---|
| $2,500 | $750 | $343 | $464 | $585 |
| $4,000 | $1,200 | $0 | $14 | $135 |
Rate history
The two-bedroom rate went down 10% from FY 2026 ($1,346) to FY 2027 ($1,214). Since FY 2020 it's up 41% in total, about 5.1% 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 | $560 | $675 | $859 | $1,159 | $1,164 | — |
| FY 2021 | $559 | $643 | $847 | $1,212 | $1,234 | -1.4% |
| FY 2022 | $583 | $667 | $877 | $1,246 | $1,399 | +3.5% |
| FY 2023 | $657 | $746 | $982 | $1,382 | $1,592 | +12.0% |
| FY 2024 | $747 | $839 | $1,102 | $1,436 | $1,711 | +12.2% |
| FY 2025 | $846 | $941 | $1,234 | $1,487 | $2,072 | +12.0% |
| FY 2026 | $937 | $1,026 | $1,346 | $1,677 | $2,258 | +9.1% |
| FY 2027In effect | $922 | $928 | $1,214 | $1,618 | $2,033 | -9.8% |
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 Sherman, that runs from $922 for a studio up to $2,033 for four bedrooms, all five rates in the table above.
Because Sherman 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, Grass Valley included.
Among Oregon's 36 counties, Sherman ranks 21st for two-bedroom FMR. That's about 8% below the state median of $1,325 and about 14% above the national median county at $1,063. About 1,938 people live here, 35th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,220 in 97033 (Kent) and $1,390 in 97029 (Grass Valley), with the 5 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.
Nearby counties
Two-bedroom FMR, with how each compares to Sherman.
Wasco County
23 mi · 26,552 people
$1,604
+32%
Gilliam County
25 mi · 1,971 people
$1,014
-16%
Hood River County
46 mi · 23,905 people
$1,888
+56%
Morrow County
53 mi · 12,300 people
$1,014
-16%
Wheeler County
56 mi · 1,485 people
$1,014
-16%
Jefferson County
62 mi · 25,203 people
$1,213
same rate
Clackamas County
84 mi · 423,975 people
$1,878
+55%
Crook County
85 mi · 26,277 people
$1,390
+14%
Questions people ask
$1,214 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $922 for a studio, $928 for one bedroom, $1,618 for three and $2,033 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 Sherman actually go for?
HUD's number is one input. Search any address in Sherman for a rent estimate built from nearby comps. Free to start, no card.
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