Location: Douglas County, OR | Metro: Douglas County, OR
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 | $800 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $247,554 | 0.46% | F |
| 3BR | $1,600 | $317,080 | 0.5% | F |
| 4BR | $1,920 | $380,160 | 0.51% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 97457, located in Myrtle Creek, Oregon, reveals a market that falls into the category of moderate yield and moderate stability. This classification is driven by the following figures:
Firstly, the yield can be assessed by comparing the Federal Market Rent (FMR) of $1,210 for the metro area in fiscal year 2026 against the local market rent of $963. The difference indicates a potential upside for landlords who can secure Section 8 contracts, thereby benefiting from higher rental rates. However, the median home value of $293,343 suggests a relatively modest investment cost compared to other markets, balancing the yield potential.
Secondly, the stability of the market is influenced by the percentage of renters at 28.9%, which is below the national average but still significant. The lack of available data on days on market (DOM) makes it challenging to assess the speed of property turnover, but the median household income of $57,356 provides insight into the economic conditions of the area. This figure is indicative of a stable, though not high-income, community that can support consistent rental demand without significant volatility.
To summarize, ZIP 97457 presents a scenario where landlords can achieve moderate yields through Section 8 contracts while maintaining a reasonable level of stability due to the local income levels and rental percentages. It is neither a high-yield/low-stability flip-style market nor a steady-cashflow zone, but rather a middle ground where both yield and stability are present in balanced measures.
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.