Location: Douglas County, OR | Metro: Douglas 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 | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,680 | $512,449 | 0.33% | F |
| 4BR | $2,020 | $587,254 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 97495 is situated in a quiet, suburban neighborhood in Oregon. This area is characterized by a relatively small population of 1,694 residents, with only 14.2% being renters. The median household income in this region stands at $77,986, indicating a middle-class community where homeownership is prevalent, as evidenced by the median home value of $502,544.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 97495, as set by HUD for fiscal year 2026, is $1,240. In contrast, the actual market rent, according to Census ACS data, is $1,150. This discrepancy suggests that landlords operating under Section 8 vouchers can expect to receive rents slightly above the current market rate, providing a modest cushion against inflation and maintenance costs.
Given these economic conditions, ZIP 97495 is better suited for hands-off voucher operators rather than hands-on value-add buyers. The low percentage of renters and the high median home value indicate a preference for homeownership among local residents. For those interested in hands-on investments, opportunities might be limited due to the scarcity of rental properties and the potential difficulty in finding tenants willing to accept lower market rates associated with Section 8 vouchers. However, for hands-off operators, the slightly elevated FMR compared to the market rent can ensure steady cash flow with minimal tenant turnover, making it a reliable investment choice.
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.