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 |
|---|---|---|---|---|
| 1BR | $1,160 | $307,393 | 0.38% | F |
| 2BR | $1,520 | $403,792 | 0.38% | F |
| 3BR | $2,120 | $504,314 | 0.42% | F |
| 4BR | $2,550 | $621,104 | 0.41% | F |
| 5BR | $2,958 | $689,480 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 97439 in Oregon hosts a population of 16,025 individuals, with 27.2% of them being renters. This indicates that the area has a substantial renter base, though it is not overwhelmingly dominated by renters. The median household income stands at $61,982, which provides a benchmark against which rental costs can be evaluated.
The market rent for the area is set at $1,227 per month. To put this into perspective, the typical rent consumes approximately 20% of the median household income. This calculation is derived from dividing the monthly rent by the annual income ($1,227 / $61,982 * 12 months), revealing that rent constitutes a significant but manageable portion of the average income.
Comparatively, the Fair Market Rent (FMR) for the ZIP code is higher at $1,360, indicating that the market rent is below the FMR. This suggests that landlords in 97439 might find themselves in a position to offer slightly more competitive rates while still being within the bounds of the federally determined fair market value.
Given these statistics, landlords in ZIP 97439 can expect a tenant pool that includes individuals who rely on Section 8 housing vouchers. These tenants will likely have their rent subsidized, making up to $1,360 affordable. However, the demand for vouchers may not be as deep as in areas with higher percentages of renters or lower median incomes. Landlords should prepare for tenants who may require some financial assistance but are still capable of contributing a reasonable share towards their rent.
To conclude, the ZIP code 97439 offers a balanced environment for landlords, with a notable renter population and a moderate level of voucher utilization. The typical rent of $1,227 is well below the FMR of $1,360, suggesting a viable market for both unsubsidized and Section 8 tenants. Landlords should anticipate a mix of financially stable renters and those seeking government assistance, with an overall positive outlook due to the relatively low market rent compared to the median income.
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.