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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,030 | $376,759 | 0.27% | F |
| 2BR | $1,270 | $413,540 | 0.31% | F |
| 3BR | $1,760 | $454,895 | 0.39% | F |
| 4BR | $1,970 | $556,751 | 0.35% | F |
| 5BR | $2,285 | $603,582 | 0.38% | F |
U.S. Census Bureau data (2024)
The renter's perspective in ZIP 97141, which encompasses Tillamook, Oregon, reveals a challenging housing market. The median household income stands at $69,831, while the market rate for rent is $1,314 according to the Census American Community Survey (ACS).
To put this into context, the average monthly rent constitutes nearly 19% of the median income. This calculation is based on dividing the annual income by 12 and then comparing it to the monthly rent cost. For instance, $69,831 divided by 12 equals approximately $5,819 per month. Rent at $1,314 would then take up roughly 22.6% of the monthly income when considering only gross income without any deductions for taxes or other expenses.
Moreover, the Fair Market Rent (FMR) standard set for metro areas in fiscal year 2026 is $1,340, slightly higher than the current market rate. This means that households receiving Section 8 vouchers might find themselves paying a similar amount to what the market demands, effectively closing the affordability gap between voucher recipients and those paying out-of-pocket.
With 33.6% of the population being renters and a total population of 13,086, the competition among landlords is likely to be intense. Landlords must consider both the number of potential tenants and their ability to pay the required rent, whether through vouchers or direct payment.
The takeaway for landlords is clear: focusing on accepting Section 8 vouchers can be a strategic move, as it aligns with the financial capabilities of many residents. However, given that the voucher payment standard is close to the market rate, landlords should also be prepared to compete with those who prefer cash-paying tenants. In either case, understanding the local economic conditions and tenant needs will be crucial for success in Tillamook's rental market.
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.