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 | $1,090 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $261,973 | 0.54% | F |
| 3BR | $1,970 | $351,102 | 0.56% | F |
| 4BR | $2,370 | $386,640 | 0.61% | D |
U.S. Census Bureau data (2024)
The market in ZIP code 97423, Coquille, OR, is characterized by a distinct balance between rental and ownership dynamics, indicating a region in motion. The Fair Market Rent (FMR) stands at $1,530, reflecting the anticipated metro area rent for fiscal year 2026. Meanwhile, the current market rent, as per Census ACS data, is $1,189. This suggests that while rents are expected to rise, they currently remain below the FMR, possibly due to a variety of factors including economic conditions and local policies.
A notable indicator of the market's health is the 0.2% price-cut share, which implies that very few properties are being discounted. This could be interpreted as a sign of stable pricing or strong seller confidence, as there is little need to reduce asking prices to attract buyers. The median home value in Coquille is $317,046, a figure that provides context for property values but lacks a day's Days on Market (DOM) data, making it difficult to assess how quickly homes are selling. However, the low price-cut share suggests that homes are likely selling without significant reductions, indicating a market where demand is robust relative to supply.
The 26.1% renter share highlights an ongoing housing pressure dynamic. A higher percentage of renters can signal potential long-term upward pressure on both rental and purchase markets, as it indicates a substantial portion of the population is not yet homeowners. This could be due to various factors such as affordability issues, preference for renting, or transient populations. As the economy evolves and more residents seek to own rather than rent, this could translate into increased demand for homeownership, potentially driving up property values and rents further.
In summary, ZIP 97423 presents a market where demand appears to be holding steady, if not slightly outpacing supply, especially in the rental sector. The relatively high renter share points towards sustained housing pressures that could influence future trends, though without additional time-series data, these dynamics remain indicative of current conditions rather than predictive of future changes.
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.