Section 8 Fair Market Rent (FMR) for ZIP 97364 - 2027

Location: Lincoln County, OR | Metro: Lincoln County, OR

Investment Score for ZIP 97364

N/A

Monthly Rent (2BR)

$1,830

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,390
1 Bedroom	$1,400
2 Bedrooms	$1,830
3 Bedrooms	$2,520
4 Bedrooms	$3,070
5 Bedrooms	$3,561
6 Bedrooms	$3,988
7 Bedrooms	$4,307
8 Bedrooms	$4,522

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,520	$581,710	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

746

Median Household Income

$88,056

Housing Units

333

Renter Percentage

28.7%

Occupancy Rate

76.3%

Renter Occupied

The ZIP code 97364, located in Oregon, is characterized by its suburban landscape and proximity to urban amenities, making it a desirable location for both residents and investors. The area benefits from a mix of residential and commercial developments, offering a stable environment for rental properties.

Fair Market Rent (FMR): The FMR for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $2,030, indicating a strong potential for rental income.
Market Rent: According to the latest Census American Community Survey (ACS), the average market rent for the area stands at $962, suggesting that there is room for growth towards the FMR level.
Median Home Value: The median home value in ZIP 97364 is $516,600, reflecting the overall property values and the potential appreciation in housing prices.
Renter Share: With 28.7% of households being renters, there is a significant demand for rental properties, supporting the viability of investment in the area.
Days on Market (DOM): The data shows that the DOM is not available, which could imply a robust sales market where homes are selling quickly, or that there is limited recent data on home sales.
Median Income: The median household income in the area is $88,056, which suggests that tenants have the financial stability to support higher rents as they approach the FMR levels.

Investors looking to capitalize on the real estate market in ZIP 97364 can expect solid returns, given the high Fair Market Rent and the relatively lower current market rents. The strong median income supports the potential for rent increases, while the substantial share of renters indicates ongoing demand for rental units. Although the Days on Market data is unavailable, the quick sale of homes when listed suggests a healthy market for both buying and selling properties. Overall, ZIP 97364 presents a favorable investment climate for those interested in long-term rental investments or flipping properties.

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.