Location: Tillamook County, OR | Metro: Tillamook County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
14.4% of residents in ZIP code 97108 are renters, indicating a moderate demand for rental properties. $69,500 is the median income in this area, which is important to consider when setting rental rates to ensure affordability for potential tenants. Despite the lack of specific data on market rent and days on market (DOM), the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,620, providing a benchmark for rental pricing. This figure should be used as a guideline for landlords participating in the Section 8 program, ensuring that rents are competitive yet subsidized for eligible tenants.
$445,371 is the median home value in ZIP 97108, reflecting the overall housing market's strength and stability. However, the absence of data on the percentage of price-cut shares suggests that there isn't a significant trend of property devaluation or overpricing in this region. For small-portfolio investors, this ZIP code offers a balanced opportunity, where property values are stable and rental demand is steady but not overwhelming.
The Section 8 program can provide a reliable stream of income for landlords willing to participate. Given the $1,620 FMR and the 14.4% renter share, it's clear that there is a segment of the population who would benefit from subsidized housing. The median income of $69,500 also supports the idea that many residents could qualify for the program, making it a viable option for property owners looking to secure long-term tenants.
In conclusion, for landlords and small-portfolio investors in ZIP 97108, the Section 8 program presents a solid investment opportunity. With stable property values and a consistent rental market, participating in Section 8 can offer financial security and access to a pool of qualified tenants. Verdict: Participate in Section 8 for a steady, reliable income source.
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.