Location: Lincoln County, OR | Metro: Lincoln 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 | $1,250 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,220 | $463,895 | 0.48% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 97380 does not work favorably for landlords. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,780, which is significantly higher than the actual market rent of $543 as reported by the Census American Community Survey. This disparity suggests that tenants receiving Section 8 vouchers might struggle to find housing that matches the voucher amount, leading to potential vacancy issues.
Acquisition of properties in this ZIP code is relatively affordable. With a median home value of $433,736, purchasing a property here is within reach for many investors. However, the lack of available data on days on market (DOM) and the percentage of homes that have been discounted indicates uncertainty about the current selling conditions. Investors should proceed with caution and seek additional local insights to gauge the true affordability of acquisitions.
Tenant demand in ZIP 97380 is modest given its small population size of 2,360. The renter share stands at 26.9%, suggesting that roughly 638 individuals are potential renters. While this represents a viable tenant pool, it is limited and may pose challenges for landlords seeking a broad base of prospective tenants.
Verdict: ZIP 97380 presents a challenging investment scenario for Section 8 landlords due to the significant gap between FMR and market rents, which could lead to difficulties in finding tenants willing to pay the voucher rate. Acquisition costs are reasonable, but the lack of data on selling conditions introduces risk. Tenant demand is present but limited by the small population size. Overall, this ZIP code may not be ideal for landlords or small-portfolio investors looking to maximize occupancy and returns.
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.