Location: Coos County, OR | Metro: Coos County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
Broadbent, OR, located in ZIP code 97458, is a small rural neighborhood with a total population of 5,164 residents. The area has a relatively modest rental market, with only 26.2% of the residents being renters. The median household income in Broadbent is $51,760, which indicates a middle-class community. The median home value stands at $307,179, reflecting a stable housing market.
The Federal Market Rent (FMR) for the metro area, effective for fiscal year 2026, is set at $1,120. This figure is significantly higher than the current market rent of $896, as reported by the Census American Community Survey. This discrepancy presents an opportunity for Section 8 investors looking to capitalize on the federal subsidy rates.
Given these economic conditions, Broadbent is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability of the housing market and the higher FMR compared to market rent ensure a reliable income stream without the need for active management. On the other hand, value-add buyers can leverage the gap between FMR and market rent to renovate properties and command higher rents, aligning closer with the federal subsidy levels.
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.