Location: Clatsop County, OR | Metro: Clatsop County, OR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,000 | $567,248 | 0.18% | F |
| 2BR | $1,320 | $733,446 | 0.18% | F |
| 3BR | $1,800 | $1,034,926 | 0.17% | F |
| 4BR | $2,200 | $1,259,220 | 0.17% | F |
U.S. Census Bureau data (2024)
ZIP code 97110, located within the Clatsop County, OR metro area, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 97110 is set at $1,430 for fiscal year 2026, which is notably higher than the average market rent of $1,125. This indicates that the subsidized rental rates in 97110 exceed the typical rental costs, making it an attractive location for Section 8 tenants.
The median home value in 97110 stands at $878,836, a figure that surpasses many areas in Clatsop County. However, despite the relatively high home values, the renter share in 97110 is quite significant at 47.8%. This combination of a high renter share with above-average home values suggests that 97110 is not necessarily a value pocket but rather a mid-tier neighborhood where the presence of Section 8 tenants can be substantial without compromising on property value.
To further contextualize, if typical ZIP codes in Clatsop County have lower renter shares and similar or lower home values, then 97110's characteristics could indeed signal a sweet spot for Section 8 investments. The higher FMR compared to the market rent also implies that landlords accepting Section 8 vouchers could see better returns relative to other areas in the metro, where the gap between FMR and market rents might be narrower.
In summary, based on the provided data, ZIP code 97110 appears to be a mid-tier neighborhood within the Clatsop County, OR metro, with a strong potential for Section 8 investments due to its high renter share and favorable FMR to market rent ratio. Landlords and small-portfolio investors should consider these factors carefully when evaluating investment opportunities in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.