Location: Sherman County, OR | Metro: Sherman County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
U.S. Census Bureau data (2024)
The ZIP code 97050 represents a significant opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 212, nearly one-quarter of residents, 27.6%, are renters. This indicates a notable presence of individuals who may be seeking rental housing through government assistance programs such as Section 8.
The median household income in this ZIP is $39,306, which provides a critical benchmark when evaluating the potential demand for rental units priced at $800 per month. At this price point, the typical rent consumes approximately 20.3% of the local median income, making it relatively affordable for many residents. However, the Federal Market Rent (FMR) for the area is set at $1,120 for fiscal year 2026, indicating that the $800 market rent is below the average expected rent level, thus positioning properties well for attracting tenants who qualify for lower-end vouchers.
Given the income levels and the current market rent, landlords can expect a tenant pool that includes a mix of individuals and families who rely on Section 8 vouchers to secure housing. These tenants will likely have an annual income around or below the median, making the $800 rent a reasonable expense. The lower rent compared to the FMR suggests that the area has a strong demand for affordable housing options, which aligns well with the availability of Section 8 vouchers.
To summarize, ZIP 97050 is a renter-heavy area with a significant portion of the population qualifying for Section 8 assistance. Landlords offering units at $800 per month can expect to attract tenants whose income is closely aligned with the local median, and who require housing vouchers to afford their living spaces. This makes the ZIP an attractive location for those willing to participate in the Section 8 program.
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.