Location: Coos County, OR | Metro: Coos 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 | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,040 | $372,080 | 0.28% | F |
| 2BR | $1,340 | $413,282 | 0.32% | F |
| 3BR | $1,860 | $523,143 | 0.36% | F |
| 4BR | $2,240 | $663,175 | 0.34% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 97411, Bandon, Oregon, is set at $1,480 for the fiscal year 2026. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that the government will pay towards your tenant's rent. It does not mean you can charge $1,480; it means the voucher holder’s contribution plus the government subsidy should not exceed this amount.
To put this into perspective, the average rent in Bandon, according to the latest Census American Community Survey (ACS), is $952. This indicates that the FMR under Section 8 is higher than the typical market rate, potentially making it a more financially stable option for landlords.
Bandon has a significant 29.1% share of renters, which suggests there is a notable demand for rental properties. This percentage can help you gauge the potential occupancy rates and the number of people who might be interested in renting through Section 8 vouchers.
If you're looking to acquire a property in Bandon to start your Section 8 rental, the median home value is around $482,279. This can be a substantial investment, but the steady income provided by the Section 8 program could make it worthwhile.
Before committing to a Section 8 rental, ensure you verify the rental unit's compliance with HUD standards. The U.S. Department of Housing and Urban Development (HUD) sets specific requirements for units participating in the Section 8 program, including safety and maintenance criteria. Compliance ensures you receive the full subsidy and avoids any legal issues.
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.