Lake County, OR: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0622-bedroom FMR, FY2027

$8871-bedroom FMR, FY2027

$68,55080% income limit, family of 4 (FY2026)

$85,700Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Lake County is $1,062 a month, down 7.7% from $1,150 in FY2026. Lake County belongs to the Lake County, OR FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Lake County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$740	$793	−6.7%	$666 – $814
1 bedroom	$887	$929	−4.5%	$799 – $975
2 bedrooms	$1,062	$1,150	−7.7%	$956 – $1,168
3 bedrooms	$1,471	$1,599	−8.0%	$1,324 – $1,618
4 bedrooms	$1,775	$1,929	−8.0%	$1,598 – $1,952

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Lake County that is typically $956 to $1,168 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Oregon has a statewide cap on rent increases. 7% plus inflation, never more than 10% in 12 months. 2026: 9.5%. 2027: 10%. Calculate the maximum increase for Oregon →

Can local renters afford the fair market rent?

$35,531median income of renter households

$878Median gross rent, all units

30%Rent-to-income ratio (median rent ÷ median renter income)

51%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $35,531 can afford about $888 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,062 is $174 (19.6%) more than that. To rent a two-bedroom at the FMR, a household needs $42,480 a year under the 30% rule, or $38,232 under the common landlord rule that income must be three times the rent.

Lake County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$878 ±$76
Median income of renter households	$35,531 ±$8,572
Renters paying 30% or more of income (cost-burdened)	50.7% ±11.7
Renters paying 50% or more (severely cost-burdened)	27.6% ±11.8
Renter households (where the share can be computed)	934

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$709	$878	+23.8%
Median renter household income	$30,208	$35,531	+17.6%
Renters paying 30%+ of income	46.0%	50.7%	+4.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Lake County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $85,700 (FY2025: $89,000, −3.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$18,000 −3.0%	$21,640 +2.1%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$30,000 −3.1%	$34,300 −3.0%	$38,600 −2.9%	$42,850 −2.9%	$46,300 −2.9%	$49,750 −2.9%	$53,150 −2.9%	$56,600 −2.9%
Low income (80%)	$48,000 −3.0%	$54,850 −3.0%	$61,700 −3.0%	$68,550 −3.0%	$74,050 −3.0%	$79,550 −3.0%	$85,050 −3.0%	$90,500 −3.0%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.