Location: Curry County, OR | Metro: Coos County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
U.S. Census Bureau data (2024)
The ZIP code 97450 presents a dynamic rental market, characterized by specific economic indicators that reflect the current state of housing demand and supply. The Fair Market Rent (FMR) for this area stands at $1,480, as reported for the fiscal year 2026. This figure, while significant, lacks comparative data such as historical trends or market rent values, which would typically provide insight into the direction of the market. However, the median home value of $424,322 offers a static point of reference, indicating a relatively stable residential property value.
The 3.7% renter share is notably low, suggesting that homeownership is prevalent in the area. This high level of homeownership could imply that the rental market is constrained by limited supply, as fewer properties are available for rent. Consequently, landlords and small-portfolio investors should be aware that the rental market may experience periods of higher competition for tenants, leading to potentially lower vacancy rates and higher tenant retention.
In a market with a low renter share, there is likely to be less immediate pressure on rental prices compared to areas with a higher proportion of renters. However, the long-term housing pressure remains an important consideration. As the population grows or changes, the demand for rental properties might increase, putting upward pressure on rents if the supply of rental units does not keep pace. Landlords must remain vigilant to the potential for increased rental demand driven by demographic shifts or economic factors that could affect the local housing market.
The absence of data on the percentage of price-cut share and days on market (DOM) indicates a lack of comprehensive insights into the rental market's liquidity and competitiveness. However, given the high median home value and low renter share, it is reasonable to infer that the rental market in 97450 may be tighter, with fewer units available relative to demand. This scenario suggests that the market is one where demand could be outpacing supply, particularly for rental properties.
To summarize, the ZIP code 97450 is a market where homeownership dominates, with a rental market that is likely constrained by supply. The low renter share implies a potentially stable rental environment but also points to the possibility of future pressures on rental availability and pricing. Landlords and small-portfolio investors should consider these dynamics when making decisions about their investments in this area.
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.