Location: Eugene-Springfield, OR | Metro: Eugene-Springfield, OR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,310 |
| 3 Bedrooms | $3,200 |
| 4 Bedrooms | $3,860 |
| 5 Bedrooms | $4,478 |
| 6 Bedrooms | $5,015 |
| 7 Bedrooms | $5,416 |
| 8 Bedrooms | $5,687 |
U.S. Census Bureau data (2024)
The market in ZIP 97431, encompassing Dexter, OR, is characterized by a dynamic interplay between rental and homeownership trends. The Fair Market Rent (FMR) for the area is set at $1780 for fiscal year 2024, while the actual market rent, according to the Census ACS, stands slightly higher at $1,840. This suggests that the rental market is somewhat robust, with landlords able to command rents just above the government benchmark.
A notable statistic is the 24.6% renter share, indicating that nearly a quarter of the population in Dexter relies on rental housing. This high percentage of renters can be indicative of long-term housing pressure, where a significant portion of the community may find it challenging to afford homeownership. Such a scenario often leads to sustained demand for rental properties, benefiting landlords and small-portfolio investors who focus on the rental market.
The median home value in the area is $544,368, which places homeownership within reach for many but also highlights the financial commitment required. Given the lack of specific data regarding price-cut shares and days on market (DOM), we cannot definitively state whether supply currently outpaces demand or vice versa. However, the relatively close alignment of FMR and market rent implies a balanced market, where neither supply nor demand is significantly overwhelming the other.
In summary, Dexter's ZIP 97431 presents a market where rental housing plays a crucial role, supported by a substantial renter population. This creates an environment conducive to steady rental income for property owners. The median home value indicates a middle-class residential area, where homeownership remains a goal but is not without its challenges. For landlords and small-portfolio investors, this balance offers a stable investment opportunity, particularly in the rental sector.
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.