Location: Coos County, OR | Metro: Coos 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $165,173 | 0.69% | D |
| 3BR | $1,590 | $252,912 | 0.63% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 97466 in Coos County, Oregon, reveals mixed prospects for landlords and small-portfolio investors. Firstly, the rent math does not align favorably with the financial goals of property owners. The Fair Market Rent (FMR) for the area, set at $1,040 for the fiscal year 2026, falls short of the current market rent of $1,201 according to Census ACS data. This discrepancy suggests that landlords might struggle to cover costs and achieve profitability if they adhere strictly to the FMR guidelines.
Secondly, the acquisition cost of properties in this ZIP code is relatively low, with a median home value of $192,094. However, without specific data on the number of days on market (DOM) and the percentage of homes that have been listed with price cuts, it's challenging to determine how competitive the market is for purchasing properties. Landlords should proceed with caution, considering these factors before making an investment.
Lastly, there is a moderate level of tenant demand in ZIP 97466. With a total population of 842, and 22.2% of residents being renters, the pool of potential tenants is limited but present. This demographic suggests that while competition for rental units may be less intense than in densely populated areas, the overall demand is still significant enough to support rental properties.
In summary, while the acquisition cost in ZIP 97466 is attractive, the rent math poses a challenge due to the gap between FMR and market rent. Tenant demand exists but is modest given the small population size. Landlords must carefully assess their ability to manage properties profitably within these constraints and consider the potential risks associated with limited market liquidity and lower tenant numbers.
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.