Location: Eugene-Springfield, OR | Metro: Eugene-Springfield, OR MSA
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 | $1,110 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,120 | $617,195 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 97419 is predominantly a homeowner-dominated area rather than a renter-heavy one, with only 14.3% of the population being renters. This suggests that the demand for rental properties using Section 8 vouchers is likely to be lower compared to areas with higher percentages of renters.
With a median household income of $80,234, the typical rent of $1,510 represents approximately 18.8% of the local income. This figure is slightly above the Fair Market Rent (FMR) of $1,480 for FY 2024, indicating that rents in this area are marginally higher than the government's benchmark for determining voucher amounts.
Landlords in ZIP 97419 can expect tenants who are likely to be financially stable, given the relatively high median income. However, the percentage of renters is low, which means that landlords should prepare for a potentially smaller pool of Section 8 applicants. The slight premium on market rent over the FMR also implies that tenants using vouchers might find it challenging to cover the full rent without additional support, although the difference is minimal at only $30 per month.
To summarize, while the income levels suggest a capacity to afford higher rents, the low percentage of renters indicates a less favorable environment for Section 8 voucher usage. Landlords should be prepared for a competitive market among those seeking rental housing and understand that their tenant pool will likely be smaller but potentially more financially secure.
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.