Location: Medford, OR | Metro: Medford, OR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
U.S. Census Bureau data (2024)
The median income in ZIP 97502 stands at $83,488, indicating a moderate economic environment that supports a significant 26.7% renter share. This makes it an ideal location for diversifying investment risks, as it offers a stable tenant base without relying solely on high-income areas.
In comparison to other strategies, the cash-flow anchor role is less compelling. The Fair Market Rent (FMR) for ZIP 97502 in fiscal year 2024 is set at $1,490, while the average market rent is higher at $1,767. The difference between the FMR and market rent suggests a potential challenge in achieving optimal cash flow, especially when considering the median home value of $420,158. Landlords might find it difficult to fully leverage the market rent due to the constraints of Section 8 vouchers.
Regarding appreciation plays, the data shows a 0.2% price-cut share and a 22-day days-on-market (DOM), which indicate a relatively stable market with little volatility. However, these figures do not point to substantial appreciation potential, making it less suitable for an appreciation-focused strategy.
Therefore, ZIP 97502's characteristics align most closely with a diversification strategy. It provides a mix of affordability and stability, ensuring a consistent stream of tenants who can contribute to long-term financial health without the need for significant price adjustments. The presence of a notable renter population also mitigates the risk associated with over-relying on owner-occupied properties.
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.