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 | $1,340 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,520 | $654,063 | 0.39% | F |
| 4BR | $3,030 | $756,245 | 0.4% | F |
U.S. Census Bureau data (2024)
1530 is the Fair Market Rent (FMR) for ZIP 97455 as of fiscal year 2024, setting a benchmark for rental properties in the area. 658,669 represents the median home value, indicating the average property price which landlords can use to gauge potential investment returns. 6.9% is the percentage of renters in the area, showing a smaller but still significant portion of the population who rely on rental housing. 118,456 is the median income figure for the ZIP code, providing insight into the earning capacity of potential tenants. While the days on market (DOM) and the percentage of listings that have had their prices cut are not available, these numbers typically reflect the local housing market's health and competition. The lack of specific data on DOM and price-cut share suggests either a stable market or insufficient recent sales data to provide reliable statistics.
Investors should note that the FMR of 1530 can be used to determine reasonable rental rates that comply with HUD guidelines for Section 8 housing. This ensures that landlords receive a fair rent payment while also adhering to federal requirements. Given the median home value of 658,669, properties within this ZIP code may offer substantial equity appreciation opportunities over time, especially if the rental market remains steady or grows. The relatively low 6.9% renter share might imply a tight rental market, potentially leading to higher demand for rental units and better occupancy rates for landlords.
The median income of 118,456 indicates that tenants in ZIP 97455 could afford higher rents, though it's important to consider that many Section 8 participants have additional income sources beyond just their base income. Landlords should ensure that their properties meet all necessary criteria for Section 8 eligibility to attract tenants and benefit from the program.
Section 8 verdict: ZIP 97455 offers a viable opportunity for landlords, with a stable median home value and a modest renter share, making it a good location for Section 8 investments at an FMR of 1530.
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.