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 | $1,170 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,250 | $555,983 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 97454 presents a dynamic rental market that is currently experiencing a balance between supply and demand, leaning slightly towards a scenario where demand may be outpacing supply. This inference is drawn from the Fair Market Rent (FMR) figure of $1490, which is set for the fiscal year 2024, compared to the actual market rent reported at $1,350 according to the Census ACS data. The higher FMR suggests that there is potential for rental prices to rise, indicating strong tenant interest and a possibly tight rental market.
The median home value in ZIP 97454 stands at $484,290, reflecting a stable real estate environment. Although the percentage of price-cut share and days on market (DOM) are not available, the fact that the FMR exceeds the market rent implies that landlords might have some leverage to increase rents without significantly impacting occupancy rates. This situation can be advantageous for landlords and small-portfolio investors looking to maximize their returns.
A key indicator of long-term housing pressure is the 8.8% renter share. While this figure is relatively low, it points to a trend where a significant portion of the population is renting rather than owning homes. This could suggest an underlying demand for rental properties, driven by factors such as affordability, job mobility, or lifestyle choices. For investors, this means that there is a steady need for rental units, which can provide a reliable income stream over time.
In summary, ZIP 97454 is a market characterized by a slight imbalance favoring tenants, with rental prices poised to potentially rise. The low renter share, however, does not necessarily indicate a lack of demand but rather a mix of housing preferences. For those investing in rental properties, this ZIP code offers a promising opportunity to capitalize on the existing dynamics of the real estate market.
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.