Location: Wasco County, OR | Metro: Wasco County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP code 97001 in Portland, Oregon, reveals several potential issues that could impact a Section 8 landlord. First, tenant turnover is likely to be higher due to the significant disparity between the market rent of $717 and the Federal Market Rent (FMR) of $1,600 for FY 2026. This gap suggests that tenants might struggle to cover the difference, leading to frequent moves.
Vacancy exposure is another concern. With an average Days on Market (DOM) figure not available, it's challenging to predict how long a property might remain unoccupied. This uncertainty can lead to financial strain for landlords who rely on steady rental income.
Deferred maintenance exposure also poses a risk. The typical home value is not specified, but the median income of $39,250 indicates that residents might have limited funds to address property upkeep, which could result in higher maintenance costs for landlords.
However, these risks must be weighed against the high concentration of renters in the area. The 11.7% renter share suggests a robust demand for rental properties, including those that accept Section 8 vouchers. High renter density typically translates into greater competition among tenants, making it easier to find and retain qualified voucher holders.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred maintenance, the strong presence of renters in ZIP 97001 makes it a moderate risk for a first-time Section 8 landlord. The potential for stable, long-term tenants through the voucher program balances out the inherent risks of the investment.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.