Location: Salem, OR | Metro: Albany, OR MSA
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 | $1,120 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $355,355 | 0.43% | F |
| 3BR | $2,070 | $454,254 | 0.46% | F |
| 4BR | $2,400 | $529,212 | 0.45% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 97383 (Stayton, OR) on the axes of yield and stability reveals a nuanced investment opportunity. On the yield axis, the Fair Market Rent (FMR) for the fiscal year 2024 stands at $1,240, which is notably lower than the market rent of $1,375. This indicates that there is potential for higher-than-average rental yields if properties can be rented out at market rates. However, the median home value in the area is $460,711, suggesting that the capital investment required for properties is relatively high compared to other regions. This makes the yield less impressive when considering the cost basis.
Moving to the stability axis, the ZIP code has a substantial proportion of renters at 31.1%, which supports a steady demand for rental housing. The average household income in the area is $78,853, indicating that tenants have a reasonable ability to pay rent. While the number of days on the market (DOM) is not available, the combination of a significant rental population and decent income levels suggests a relatively stable market. Tenants are likely to find it easier to afford their rent payments without the stress of high unemployment or low income.
Given these factors, ZIP 97383 leans more towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The lower FMR compared to market rent provides a moderate yield opportunity, but the high home values temper this somewhat. Stability is supported by a strong rental population and adequate income levels, which reduce the risk of vacancies and non-payment. For landlords and small-portfolio investors looking for a balance between solid returns and predictable cash flow, Stayton, OR presents a viable option.
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.