Location: Douglas County, OR | Metro: Douglas 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 | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $232,419 | 0.51% | F |
| 3BR | $1,630 | $303,690 | 0.54% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 97417, Canyonville, Oregon, on the axes of yield and stability reveals a nuanced market scenario. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,210, which contrasts significantly with the market rent of $991. This indicates a potential upside in rental income if properties can be leased at or near the FMR, suggesting a relatively high-yield environment. The median home value of $264,047 provides a baseline for investment cost, but the difference between FMR and market rent implies that there is room for increasing rental rates without drastically exceeding what the local economy supports.
Moving to the stability axis, the data shows that 30.2% of residents are renters. This percentage suggests a moderate level of demand for rental housing, neither too high nor too low. However, the absence of data on the number of days on market (DOM) introduces an element of uncertainty regarding how quickly properties can be leased. The average household income of $50,217 provides insight into the financial capacity of the population to sustain rental payments at the FMR rate, assuming a reasonable proportion of income is dedicated to housing costs.
Considering these factors, ZIP 97417 does not fit neatly into a high-yield/low-stability 'flip-style' market. Instead, it represents a middle-ground scenario where there is potential for higher yields through strategic leasing at or near the FMR, balanced against a moderate level of stability due to the rental percentage and income levels. Landlords and small-portfolio investors should focus on properties that can be rented out at closer to the FMR of $1,210 to maximize returns, while being cautious about the economic resilience of tenants given the median income figure.
To summarize, the market in ZIP 97417 offers opportunities for above-market rental yields, particularly if investors can leverage the FMR. However, the stability aspect is somewhat less favorable due to limited data on leasing speed and the moderate income levels, which suggest a need for careful tenant selection and management practices to ensure consistent cash flow.
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.