Section 8 Fair Market Rent (FMR) for ZIP 97367 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,170
2 Bedrooms	$1,530
3 Bedrooms	$2,070
4 Bedrooms	$2,560
5 Bedrooms	$2,970
6 Bedrooms	$3,326
7 Bedrooms	$3,592
8 Bedrooms	$3,772

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

11,158

Median Household Income

$58,472

Housing Units

8,242

Renter Percentage

35.7%

Occupancy Rate

62.5%

Renter Occupied

1,840

Housing Authorities Serving ZIP 97367

Housing Authority of Lincoln County (Newport, OR) - 567 Section 8 vouchers

Lincoln City, Oregon, located in ZIP code 97367, is a coastal community known for its natural beauty and tourism industry. This area offers a unique investment opportunity for landlords and small-portfolio investors looking to capitalize on a growing rental market.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Lincoln City metro area for fiscal year 2026 is set at $1,600.
The Zillow Observed Rent Index (ZORI) indicates that the current average market rent for a two-bedroom property in the area is $2,006.
The median home value in ZIP 97367 is $475,440, reflecting the overall housing market trends in the region.
Renters make up 35.7% of the population, suggesting a significant portion of the community relies on rental properties for housing.
The median household income in the area is $58,472, providing insight into the financial capabilities of potential tenants.

The data points highlight a strong rental market in Lincoln City, with the ZORI exceeding the FMR, indicating that landlords can potentially charge above the fair market rate. The median home value suggests that the area is not overpriced, making it accessible for both homeowners and renters. With nearly a third of the population being renters, there is a substantial demand for rental properties. However, the lack of data on days on market (DOM) could indicate a less active real estate market, which might affect the speed of property turnover. Overall, the combination of high market rents and a moderate median income level supports the viability of rental investments in this area, particularly for those who can offer well-maintained and competitively priced units.

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.