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 | $1,170 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $481,148 | 0.32% | F |
| 3BR | $2,090 | $677,579 | 0.31% | F |
| 4BR | $2,580 | $797,170 | 0.32% | F |
U.S. Census Bureau data (2024)
The ZIP code 97388, encompassing Lincoln City, OR, presents a market in flux, characterized by a delicate balance between supply and demand. The Fair Market Rent (FMR) stands at $1,610 for metro FY 2026, indicating a stable rental environment without significant upward or downward pressure.
A notable feature of this market is the low price-cut share at 0.2%, which suggests that homes are generally selling close to their asking price. This implies a strong seller's market where homes are sought after and buyers are willing to meet the listed prices. However, the absence of recent market rent data and days on market (DOM) figures limits a comprehensive assessment of the rental sector's health and the speed at which properties sell.
The median home value in Lincoln City is $604,124, reflecting a robust residential market. This figure, combined with the low price-cut share, points towards a scenario where demand might slightly outpace supply, driving home values upwards and maintaining sellers' leverage.
The 21.1% renter share indicates a predominantly owner-occupied community, but it also signals long-term housing pressure. In a market with a growing population or limited new construction, this percentage could rise, exerting greater pressure on rental prices and potentially increasing the number of renters over time. Conversely, if the local economy supports homeownership, this percentage may remain steady, suggesting a balanced approach to housing needs.
In summary, Lincoln City's real estate market is dynamic, leaning towards a slight favoring of sellers due to strong home values and minimal need for price adjustments. The relatively low renter share hints at a community that prioritizes homeownership, yet it sets the stage for potential shifts in housing demand as economic conditions evolve.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.