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RentData.org Logo Salem Fair Market Rent FY 2021 Salem, OR MSA Rental Data

Fair Market Rent Prices in Salem, OR :
$798 $836 $1,093 $1,564 $1,892
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Salem are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Salem is $1,093 per month.

The previous year, rent for a two-bedroom home was $1,001 per month. This is a 9.19% increase year-over-year.

This FMR rate applies to Detroit, OR, Saint Benedict, OR, Mehama, OR, Donald, OR, Keizer, OR, Saint Paul, OR, Sublimity, OR, Gervais, OR, Turner, OR, Aumsville, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO41420M41420.

Additionally, This Fair Market Rent (FMR) area Salem, OR MSA spans one county or city in Oregon which is listed in the table below. Estimated population of Salem, OR MSA FMR area is 330,455 people based on latest Census data.

Compared to the rest of Oregon, the Salem FMR area is more expensive than 73% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Salem. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Salem

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 841
1-BR 1-Bedroom $ 882
2-BR 2-Bedroom $ 1153
3-BR 3-Bedroom $ 1650
4-BR 4-Bedroom $ 1996
Change Year:

There is just one county (listed below) within the Salem, OR MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Portland, Or.

County / Region Est. Population
Salem, OR Metro 330,455
Zip Codes in Salem, OR MSA

There are 24 unique zip codes in this Fair Market Rent (FMR) area:

97020, 97026, 97137, 97301, 97302, 97303, 97305, 97306, 97307, 97308, 97309, 97310, 97311, 97312, 97313, 97314, 97317, 97325, 97342, 97373, 97381, 97384, 97385 and 97392

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