Section 8 Fair Market Rent (FMR) for ZIP 97464 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 97464, located in Unknown, Oregon, offers a unique opportunity for real estate investors looking to enter a less saturated market. This area is characterized by its rural setting and smaller population, which can influence rental dynamics and property values differently than urban areas.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,400. This figure provides a benchmark for rental pricing in the area.
• The market rent for the ZIP code 97464 is currently N/A, indicating that there is limited data available on actual rental prices, possibly due to the low volume of rentals.
• The median home value for ZIP code 97464 is also listed as N/A, suggesting that comprehensive housing price data may be sparse or not updated.
• The percentage of residents who are renters is N/A, making it difficult to assess the overall demand for rental properties in this area.
• The days on market (DOM) for listings in ZIP code 97464 is N/A, which could imply that sales data is insufficient or infrequently reported.
• The median household income for the area is N/A, providing no insight into the economic stability and potential purchasing power of local residents.

Given the scarcity of specific data points such as market rent, median home value, renter share, DOM, and median income, investing in ZIP code 97464 requires careful consideration. The Fair Market Rent figure of $1,400 suggests a moderate rental price point, but without additional metrics, it's challenging to gauge the overall health and potential of the real estate market here. Investors should focus on qualitative research and consult local real estate professionals to fill in these data gaps before making any investment decisions.

Data Sources: FMR data from HUD (2027).

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.