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 | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $336,132 | 0.37% | F |
| 3BR | $1,730 | $450,674 | 0.38% | F |
U.S. Census Bureau data (2024)
In ZIP code 97462, located in Oakland, Oregon, investors often have several key concerns regarding the feasibility of participating in the Section 8 housing program. These objections can be addressed directly using available data.
Will FMR $1,330 (metro FY 2026) cover the mortgage on a $408,093 home?
The Fair Market Rent (FMR) of $1,330 for ZIP 97462 in fiscal year 2026 will likely not fully cover the mortgage payment on a $408,093 home. To illustrate, if we assume a typical mortgage rate of 4%, the monthly payment on a $408,093 home would be around $1,940, significantly higher than the FMR. This means that landlords would need to supplement the FMR with additional income sources or accept lower profit margins.
Is there enough renter demand at 14.5%?
The rental demand in ZIP 97462 stands at 14.5%. This percentage indicates that nearly one out of every seven households is a renter. However, this figure alone does not provide a complete picture of the demand. For a more accurate assessment, one would need to look at the total number of renters and compare it to the number of available rental units. The 14.5% suggests moderate demand, but without knowing the exact numbers, it's difficult to determine if this demand is sufficient to sustain a rental property investment.
Will vouchers keep pace with $1,136 market rents?
The average market rent of $1,136 in ZIP 97462 is slightly below the FMR of $1,330. While this might suggest that vouchers could potentially cover the market rent, the reality is that voucher payments are typically set at a lower rate, often around 80% of the FMR. Therefore, landlords accepting vouchers should expect to receive approximately $1,064 per month, which is still less than the market rent. This gap would need to be bridged by either adjusting the rent downward to match voucher rates or seeking additional subsidies or rent supplements.
Investors must carefully consider these factors when deciding whether to participate in the Section 8 program in ZIP 97462. The data provides a starting point, but further research into local rental market dynamics and financial planning is essential to make informed decisions.
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.