Location: Wasco County, OR | Metro: Wasco County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,750 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $3,020 |
| 4 Bedrooms | $3,640 |
| 5 Bedrooms | $4,222 |
| 6 Bedrooms | $4,729 |
| 7 Bedrooms | $5,107 |
| 8 Bedrooms | $5,362 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 97057 presents a unique opportunity for landlords and small-portfolio investors due to its distinctive data profile. With only 14 residents, this area has a very low population density, making it stand out among other ZIP codes. Despite the small number of residents, 30.0% of them rent their homes, indicating a modest but present demand for rental properties. The lack of reported median income and median home value suggests that there is limited data available about the economic conditions of the area, which could imply variability or underreporting.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 97057 is set at $2,400 for the metro fiscal year 2026. This figure represents the maximum amount that landlords can charge tenants who receive Section 8 vouchers, providing a clear guideline for rental pricing. However, the absence of specific market rent data means that the FMR is the primary benchmark for determining rental rates in this area. It's important for landlords to consider this when setting their own rents, as the FMR directly influences the affordability of housing for those relying on Section 8 assistance.
The data signature for ZIP 97057 reads as transitional rather than stable. The limited population and the absence of key economic indicators such as median income and home values suggest that the area may be undergoing changes that affect its economic landscape. For investors, this means that while there is a known rental support structure through the Section 8 program, the broader economic context remains uncertain and requires careful monitoring. Landlords should be prepared for fluctuations in tenant demand and potential challenges in assessing property values accurately without comprehensive local market data.
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.