Location: Tillamook County, OR | Metro: Tillamook 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 | $1,160 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,290 | $690,192 | 0.19% | F |
| 2BR | $1,660 | $709,047 | 0.23% | F |
| 3BR | $2,300 | $849,250 | 0.27% | F |
| 4BR | $2,570 | $1,015,219 | 0.25% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 97130, Manzanita, Oregon, hinges on its unique blend of yield potential and stability factors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,750, which is the benchmark rental rate for Section 8 properties. This figure contrasts sharply with the average home value of $798,092, indicating a significant disparity that could be leveraged for investment opportunities.
However, the absence of market rental rates and days on market (DOM) data suggests limited liquidity and a slower-moving real estate market, which can affect both the ease of property acquisition and the speed of potential flips. The relatively low percentage of renters at 6.1% further underscores this point, pointing towards a market where owner-occupied homes are more prevalent, reducing the immediate demand for rental units.
On the stability axis, the median household income of $105,192 provides a solid economic foundation for the area. High incomes can support higher rents and reduce the risk of tenant default, contributing to financial stability for landlords. However, the lack of market rental data introduces uncertainty about how well these high incomes translate into rental demand, particularly for subsidized housing.
Given these specifics, ZIP 97130 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The high FMR relative to home values does not necessarily translate into quick profits due to the slow-moving nature of the local real estate market and the low percentage of renters. While the strong income levels suggest a stable economic environment, the absence of key market indicators makes it difficult to justify aggressive flipping strategies.
To summarize, the primary drivers for this classification are the $1,750 FMR against a backdrop of $798,092 home values, indicating a potentially lucrative rental market. However, the 6.1% renter rate and the lack of DOM data point to a market less suited for rapid turnover and flipping. The $105,192 median income supports a stable cash flow but does not provide enough evidence to conclude high instability or volatility.
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.