Section 8 Fair Market Rent (FMR) for ZIP 97473 - 2027

Location: Douglas County, OR | Metro: Douglas County, OR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

347

Median Household Income

$N/A

Housing Units

196

Renter Percentage

12.3%

Occupancy Rate

87.2%

Renter Occupied

The rental market in ZIP code 97473 presents a unique challenge for both renters and landlords alike. Based on the latest data from the Census ACS, the market rate for rent stands at $475. However, it's important to note that the median income for the area is currently listed as N/A, which suggests limited economic data is available. This lack of income data makes it difficult to assess the average household's ability to meet the market rate.

In contrast to the market rate, the Fair Market Rent (FMR) set by HUD for metro areas in fiscal year 2026 is significantly higher at $1,060. This disparity highlights a potential affordability gap for renters in 97473, where the actual market rate is far below the voucher payment standard. For renters relying on vouchers, this could mean that they have ample financial capacity to cover the cost of living in the area, leaving a substantial portion of their voucher funds unused or to be applied elsewhere.

The ZIP code has a relatively low percentage of renters at 12.3%, indicating a smaller pool of potential tenants. With a total population of 347, landlords must consider the limited number of households when strategizing their rental offerings. The affordability gap between the market rate and the FMR means that landlords who accept vouchers might face less competition compared to those seeking cash-paying tenants. However, the lower market rate also implies that there are fewer cash-paying tenants willing to pay higher rents.

Takeaway for Landlords:

Accepting vouchers can provide a steady stream of income and reduce vacancy rates, given the high FMR relative to the local market rate.
Cash-pay strategies may struggle due to the limited number of households and the overall lower willingness to pay higher rents.
To compete effectively, landlords should consider offering amenities or services that justify a slightly higher rent while still remaining attractive to voucher holders.

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.