Location: Medford, OR | Metro: Grants Pass, 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 | $1,060 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,170 | $303,273 | 0.39% | F |
| 2BR | $1,520 | $344,447 | 0.44% | F |
| 3BR | $2,110 | $423,537 | 0.5% | F |
| 4BR | $2,310 | $528,792 | 0.44% | F |
| 5BR | $2,680 | $627,712 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 97527, located in Grants Pass, OR, falls within the broader Medford, OR Metropolitan Statistical Area (MSA). Comparing its key metrics to those of typical ZIP codes in the Medford, OR MSA can provide insights into its market position.
The Fair Market Rent (FMR) for ZIP 97527 in fiscal year 2024 is set at $1,470. This figure represents the maximum amount that a household receiving federal rental assistance would pay for a standard two-bedroom apartment. The market rent for the same area is $1,593, indicating a slight premium over the FMR. However, both these figures suggest that the rental market in 97527 is relatively affordable compared to other areas in the Medford, OR MSA, where average rents might be higher.
The median home value in 97527 is $409,500. This is a moderate figure when considering the overall housing market in the Medford, OR MSA. While it is not indicative of a premium sub-market, it also suggests that 97527 is not among the most economically distressed areas where home values tend to be lower.
A significant point of interest is the 28.0% share of renters in 97527. This percentage is higher than the national average and suggests a substantial portion of the population relies on rental housing. When combined with the below-average home values, this indicates that 97527 could be a particularly attractive location for Section 8 participants and landlords looking to serve this demographic.
In summary, ZIP 97527 appears to be a value pocket within the Medford, OR MSA. Its slightly below-average rents and median home values, coupled with a higher-than-average renter share, make it an area where federal rental assistance programs have a notable presence and impact. Landlords and small-portfolio investors should consider this ZIP code if they are targeting a market with a strong demand for affordable rentals and a significant number of households eligible for Section 8 benefits.
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.