Location: Douglas County, OR | Metro: Douglas County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
The ZIP code 97481, located in Tenmile, Oregon, has a population of 592, with 15.3% of residents being renters. Despite the lack of specific median household income data, we can infer that the area is likely to have a lower income level compared to surrounding areas and the county average. The median rent in 97481 is $1,158, which is notably lower than the Fair Market Rent (FMR) of $1,400 set for FY 2026 in the metro area.
With the median rent being $1,158, landlords should consider that this represents a significant portion of local incomes. For instance, the per-capita income is $36,546, suggesting that typical rent consumes about one-third of an individual's income. This makes the area attractive for tenants who rely on Section 8 vouchers, as the rent is well below the FMR threshold.
The low median rent and the relatively high percentage of renters indicate that 97481 is a renter-heavy ZIP with strong demand for affordable housing. Given the lower income levels, the voucher usage is likely to be substantial, making it a viable option for landlords seeking stable rental income.
A landlord in 97481 should expect a tenant profile that includes individuals and families with limited financial resources, possibly including those receiving government assistance. These tenants will likely prioritize affordability and stability, favoring properties that offer both at a price point that aligns with their voucher limits.
To summarize, ZIP code 97481 presents a market with deep voucher demand and a focus on affordable rentals. Landlords can capitalize on this by offering well-maintained properties at competitive rates, ensuring compliance with HUD standards, and preparing for tenants who benefit from Section 8 assistance.
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.