Location: Eugene-Springfield, OR | Metro: Eugene-Springfield, OR MSA
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 | $1,390 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,580 |
| 4 Bedrooms | $3,110 |
| 5 Bedrooms | $3,608 |
| 6 Bedrooms | $4,041 |
| 7 Bedrooms | $4,364 |
| 8 Bedrooms | $4,582 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,580 | $356,340 | 0.72% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 97492 reveals a unique balance between yield and stability, making it an intriguing market for real estate investment. The Fair Market Rent (FMR) for the fiscal year 2024 stands at $1,340, which is significantly lower than the market rent of $2,079. This disparity suggests a high-yield potential for investors who can manage to lease properties at market rates. However, the median home value of $328,582 indicates a substantial upfront capital requirement.
On the stability axis, the ZIP code shows a 6.5% rental rate, which is relatively low compared to typical high-renter percentage areas. This suggests that there might be fewer rental units available and potentially less demand for rental properties. The lack of data on days on market (DOM) and income levels complicates the assessment of the local economy's health and the ease of finding tenants. Without these metrics, it's challenging to gauge the overall stability of the rental market in 97492.
Given the high market rent relative to the FMR and the significant median home value, ZIP 97492 leans towards being a high-yield market. However, the low rental rate introduces an element of risk and instability, indicating that while the potential for higher returns exists, securing tenants might prove more difficult. Therefore, 97492 is best classified as a market with high-yield potential but moderate stability concerns, falling somewhere between a high-risk, high-reward flip-style market and a steady-cashflow zone.
To summarize, the primary figures driving this classification are:
Investors should proceed with caution, focusing on thorough tenant screening and possibly diversifying their portfolio to mitigate risks associated with lower tenant demand.
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.