Location: Douglas County, OR | Metro: Douglas County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The average rent in ZIP code 97443 for October 2026 is $995. This figure is slightly lower than the Fair Market Rent (FMR) set at $1,060 by the federal government for the same period. The gap between the FMR and the actual market rent stands at $65, representing a 6.1% difference.
Given that the FMR exceeds the market rent, landlords and small-portfolio investors should consider the following:
Voucher tenants can be a yield play in this market. The gap means that landlords who accept Section 8 vouchers can still achieve higher rents than the open-market average, thus increasing their cash flow and investment returns.
The overall rental market in 97443 is relatively stable, with slight fluctuations observed over the past year. However, the presence of voucher tenants can provide a steady stream of income, unaffected by market volatility.
With only 3.7% of the population being renters, competition for rental properties is not high. The median home value of $389,389 and median income of $82,719 suggest that homeownership is more common and financially feasible in this area.
Landlords should also note that nearby areas such as Myrtle Creek, OR ($1,100), Oakland, OR ($1,800), Canyonville, OR ($995), Roseburg, OR ($1,395), and Sutherlin, OR ($1,088) have varying market rents, which could affect the attractiveness of 97443 to potential tenants.
In conclusion, the gap between FMR and market rent in 97443 makes it a favorable market for accepting Section 8 vouchers, as it allows landlords to secure a higher yield compared to the open-market rates. The low percentage of renters and relatively high median income and home values indicate a strong preference for homeownership in the area, making the rental market less competitive and potentially more stable for those willing to work with voucher programs.
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.