Section 8 Fair Market Rent (FMR) for ZIP 97010 - 2027

FY 2027 Fair Market Rent Rates

The zip code 97010, located in Oregon, is a region characterized by its unique blend of urban amenities and natural beauty, making it attractive for both residents and investors. However, the scarcity of comprehensive real estate data presents challenges in fully assessing the market dynamics.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 97010 is set at $1990 for fiscal year 2024.
• Market rent data is currently unavailable for this area, which can make it difficult to assess how closely actual rents align with the FMR.
• The median home value is also not available, leaving a gap in understanding the overall property values within the region.
• Renter share information is missing, which would typically help gauge the proportion of renters versus homeowners, a critical metric for rental property investment.
• The Days on Market (DOM) statistic is not provided, which is crucial for understanding how quickly properties are being rented out.
• Median income data is not available, which is essential for predicting the financial stability and potential demand from tenants.

In summary, while the Fair Market Rent for ZIP 97010 provides a benchmark for rental pricing, the lack of other key metrics such as market rent, median home value, renter share, DOM, and median income makes it challenging to provide a robust analysis. Investors should proceed with caution and seek additional local insights to complement the limited data points available.

Data Sources: FMR data from HUD (2027).

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.