Location: Coos County, OR | Metro: Coos County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
The Fair Market Rent (FMR) for ZIP code 97407 in metro FY 2026 is set at $1,270. This figure represents the payment standard for Section 8 rentals, which means the government will pay up to this amount per month towards rent for eligible tenants. It's important to note that this is not the total rent you can charge; it's the maximum subsidy amount.
While specific local market rents are not available, we can infer that the demand for affordable housing in this area is significant given the high percentage of renters who qualify for assistance. The acquisition cost for properties in this area should also be considered when evaluating potential investments, though specific figures are not provided here.
To determine if a Section 8 rental is right for you, verify that your property meets all the necessary criteria for the program, including safety, health, and decent standards. This ensures compliance and eligibility for receiving the subsidy payments.
Investing in a Section 8 rental can provide a stable income stream, especially in areas where there is a high need for affordable housing. With an FMR of $1,270, landlords can expect consistent payments from the government, reducing the risk of unpaid rent. However, it's crucial to understand that the actual rent you can charge may exceed this amount, but the tenant would need to cover the difference out-of-pocket.
The high share of renters qualifying for assistance suggests strong demand for Section 8 units in ZIP 97407. Landlords should prepare for a competitive applicant pool, which can help ensure occupancy rates remain high.
In summary, the FMR of $1,270 provides a benchmark for subsidy payments in ZIP 97407. Before proceeding, confirm your property's eligibility to avoid any issues post-investment. The combination of a guaranteed income source and high demand makes Section 8 rentals a potentially attractive option for new landlords and small-portfolio investors in this region.
Data Sources: FMR data from HUD (2027).
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.