Location: Curry County, OR | Metro: Curry County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
To understand how Section 8 economics work in ZIP code 97476, it's important to first establish the key figures involved. For a two-bedroom apartment in this ZIP code, the SAFMR (Section 8 Area Fair Market Rent) for fiscal year 2026 is set at $1,310. This figure represents the maximum amount that the housing authority will pay to landlords who participate in the program.
The SAFMR does not take into account the actual market rent for the area, which is currently listed as N/A. However, the SAFMR serves as a critical benchmark for determining the rental assistance payment standard. It is crucial to note that the SAFMR is specific to this ZIP code, meaning it reflects the fair market rent conditions unique to 97476.
When a landlord agrees to accept a Section 8 voucher, they receive a reimbursement from the government for the difference between the SAFMR and the tenant's portion of the rent. The tenant is typically required to pay 30% of their adjusted income towards rent and utilities. If we assume an average adjusted income for a tenant in this scenario, let's say $1,000 per month, then the tenant would contribute approximately $300 towards the rent and utilities.
The voucher reimbursement process involves calculating the tenant's contribution and adding any applicable utility allowances. Utility allowances vary but are often around $200-$300 for a two-bedroom unit. Therefore, if we use a utility allowance of $250, the total monthly reimbursement to the landlord would be the tenant's contribution ($300) plus the utility allowance ($250), totaling $550.
This means that out of the SAFMR of $1,310, the landlord would receive $550 from the tenant and the government, leaving a reimbursement gap of $760. In other words, the landlord would need to cover the remaining $760 of the SAFMR either by accepting a lower net income or by finding ways to reduce operating costs.
In summary, landlords in ZIP 97476 participating in the Section 8 program can expect a reimbursement of up to $1,310 for a two-bedroom apartment. Once the tenant's contribution and utility allowances are factored in, there is a significant reimbursement gap of $760 that the landlord must consider when evaluating the economics of renting to Section 8 tenants. This gap highlights the financial reality of Section 8 rentals compared to market rates, which are currently unavailable for this specific ZIP code.
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.