Location: Douglas County, OR | Metro: Douglas County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The ZIP code 97429 is primarily a renter-heavy area, with 38.1% of the population renting their homes. Given that the total population is 985, this translates to approximately 374 renters. This high percentage of renters suggests a strong demand for rental properties, particularly those that can accommodate Section 8 tenants. The median household income in this area is $54,226, which provides a baseline for understanding the financial capabilities of potential tenants.
The market rent for the area is set at $836 per month. To put this into perspective, typical rent consumes about 17.8% of the median monthly income when calculated as $54,226 divided by 12 months. This is well below the Fair Market Rent (FMR) of $1,210, which is the standard used by the U.S. Department of Housing and Urban Development (HUD) for determining payment standards for Section 8 vouchers in the FY 2026 metro area. This discrepancy indicates that landlords in 97429 can potentially offer competitive rents while still being within the voucher limits.
A landlord in this ZIP code should expect a tenant profile that includes individuals and families who rely on government assistance to meet their housing needs. These tenants will likely be low-income earners who benefit from Section 8 vouchers to subsidize their rent payments. With the FMR being significantly higher than the market rent, there is ample room for landlords to attract voucher holders without compromising on affordability for these tenants. This makes 97429 an attractive location for landlords willing to participate in the Section 8 program, given the high number of renters and the alignment between market rents and voucher limits.
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.