Location: Curry County, OR | Metro: Coos County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 97406 represents a small, tight-knit community with a total population of just 393 residents. In this area, 32.8% of the inhabitants are renters, indicating a modest demand for rental properties. However, the lack of data on median income and median home value suggests that the demographic profile of the area is somewhat obscure, making it challenging to draw definitive conclusions about the economic status of the residents.
Turning to the rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,330. This figure serves as a benchmark for landlords and investors considering the Section 8 program. Unfortunately, there is no available data on the market rent for ZIP 97406, which means that comparing the FMR to actual market rates is not possible. This absence of market rent data can be seen as a gap in understanding how competitive the FMR is against local rents.
Given the limited population size and the percentage of renters, ZIP 97406 might suit a hands-off voucher operator who is looking for a stable investment in a smaller, less volatile market. The relatively low number of potential tenants could mean fewer turnovers and less need for active management. On the other hand, the lack of detailed financial metrics makes it difficult to assess whether a hands-on value-add buyer would find opportunities to improve property values significantly. For such an investor, additional research into the local real estate market and tenant demographics would be essential to make informed decisions.
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.