Location: Coos County, OR | Metro: Coos County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,590 |
| 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 analysis for Section 8 properties in ZIP code 97414 is centered around the disparity between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area as of fiscal year 2026 is set at $1,120. However, the market rent is currently unreported, indicated by N/A. This absence of data on market rent makes it challenging to quantify the exact gap in dollars and percentage terms. Nonetheless, we can still provide a contextual analysis based on the available data.
In ZIP 97414, 35.3% of residents are renters, reflecting a significant portion of the population that relies on rental housing. The median household income in this area is $24,851, which is notably lower than the national average. Given these economic conditions, the reliance on Section 8 vouchers becomes even more critical for many tenants. The FMR of $1,120 is established to ensure that low-income families have access to safe and affordable housing options.
Despite the unavailability of current market rent data, it is reasonable to infer that if the market rent were higher than the FMR, landlords would face a financial decision. Accepting Section 8 tenants at the FMR rate would mean accepting a lower rent compared to the open-market rates, potentially reducing the yield on investment properties. Conversely, if the market rent is lower than the FMR, the voucher program effectively subsidizes the cost of living for tenants, making it a viable option for landlords who might otherwise struggle to find tenants willing to pay the open-market rate.
The key for landlords and small-portfolio investors is understanding the dynamics of the local rental market and the implications of accepting Section 8 tenants. While the subsidy ensures a steady income stream, it also means operating at a rate that may be below what could be achieved in an open market. This scenario transforms the property into a yield play rather than a high-profit venture. Investors should weigh the benefits of guaranteed occupancy and stable income against the potential for higher returns through market-rate rentals.
To conclude, while the precise gap between FMR and market rent cannot be quantified without additional data, the decision to accept Section 8 tenants in ZIP 97414 should be informed by the local economic context. With a median income of $24,851 and a substantial portion of the population renting, the Section 8 program serves as a crucial support mechanism for both tenants and landlords alike.
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.