Location: Tillamook County, OR | Metro: Tillamook County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The ZIP code 97134 is not a renter-heavy area, as indicated by the 0.0% renters statistic. This suggests that the majority of residents in this area are homeowners rather than tenants. Consequently, the demand for Section 8 vouchers in this ZIP code is likely to be low.
Since the median household income for ZIP 97134 is listed as N/A, we cannot make a direct comparison to the typical market rent or calculate the percentage of local income that goes towards rent. However, it's worth noting that the Fair Market Rent (FMR) for the metro area is set at $1,340 per month for fiscal year 2026. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program.
In an area where the population is predominantly homeowners, landlords should expect a limited number of Section 8 tenants seeking housing. The scarcity of voucher holders means that those who do have vouchers may find it challenging to secure a rental unit in this ZIP code, given the preference for homeownership.
A landlord in ZIP 97134 should prepare for a tenant pool that primarily consists of individuals or families who are not reliant on government assistance for housing. The lack of detailed income data makes it difficult to assess the exact economic profile of potential tenants, but the overall context suggests a community with higher rates of home ownership and less reliance on rental markets.
The absence of specific market rent figures complicates a precise analysis of how much of the local income might typically go towards rent. Nevertheless, based on the FMR of $1,340, landlords can expect that any renters would need to allocate a significant portion of their income to cover the cost of renting a property comparable to the FMR standard.
In summary, landlords in ZIP 97134 should anticipate a market dominated by homeowners, with few Section 8 vouchers circulating. The tenant base will likely consist of individuals capable of paying market rents without subsidy, aligning with the ZIP code's characteristics of low rental activity and high home ownership.
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.