Section 8 Fair Market Rent (FMR) for ZIP 97269 - 2027

FY 2027 Fair Market Rent Rates

To determine if you should buy in ZIP 97269 (Unknown, OR) for Section 8 purposes, follow this decision tree:

Step 1: Debt Service Coverage Ratio (DSCR)

• If the Fair Market Rent (FMR) of $2040 does not cover your debt service on the property, then the answer is No. You cannot afford the property with Section 8 alone.
• If the FMR of $2040 does cover your debt service, proceed to Step 2.

Step 2: Market Rent Comparison

• If the market rent is above $2040, the answer is It Depends. Consider the vacancy rates and the willingness of tenants to pay above FMR.
• If the market rent is exactly $2040, the answer is Yes. The market aligns perfectly with FMR, ensuring steady income without additional risk.
• If the market rent is below $2040, the answer is No. You would be renting below market value, which could lead to financial losses.

Step 3: Demand Analysis

• If the percentage of renters and the days on market (DOM) indicate sufficient demand, the answer is Yes. There are enough potential tenants to fill vacancies promptly.
• If the percentage of renters and DOM suggest low demand, the answer is No. Vacancies will likely persist, leading to lower occupancy and reduced income.

Note: Specific percentages and DOM figures are required to make a definitive judgment on demand. Without these details, the decision tree cannot provide a conclusive recommendation for ZIP 97269.

Data Sources: FMR data from HUD (2027).

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.