Location: Grants Pass, OR | Metro: Grants Pass, OR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 97534 are defined by the SAFMR (Small Area Fair Market Rent) rates established by the U.S. Department of Housing and Urban Development (HUD). For a two-bedroom apartment in this specific ZIP code, the SAFMR for fiscal year 2024 is set at $1320. This figure represents the maximum amount that HUD will pay toward the rental subsidy for a qualified tenant.
To understand what this means for landlords, it's important to break down the components of a Section 8 voucher payment. The total rent is split between the tenant and HUD. Tenants are required to contribute a portion of their income toward the rent, typically around 30% of their adjusted monthly income. This amount is then supplemented by the voucher payment from HUD, which covers the difference up to the SAFMR limit.
In ZIP 97534, if the market rent for a two-bedroom apartment is higher than $1320, the landlord will not receive the full market rent from the voucher program. Instead, the landlord receives the SAFMR rate of $1320, plus any additional amount the tenant can afford to pay out-of-pocket. Conversely, if the market rent is lower than $1320, the landlord still only receives the market rent plus the tenant's contribution, which may result in a smaller total payment than the SAFMR.
Utility allowances are also factored into the overall payment structure but do not increase the base rental subsidy. These allowances are intended to cover the tenant's utility costs and are paid directly to the tenant, not the landlord. As such, they do not affect the amount that landlords receive from the voucher program.
The typical reimbursement gap in ZIP 97534 is the difference between the local market rent and the SAFMR of $1320. Since the local market rent data is currently unavailable, it's impossible to provide an exact figure. However, if the local market rent exceeds $1320, landlords will experience a shortfall that must be covered by the tenant or absorbed by the landlord. If the local market rent is less than $1320, there would be no gap, and landlords might even see a surplus when combined with the tenant's contribution.
Landlords should consider these factors carefully when deciding whether to participate in the Section 8 program. While the SAFMR provides a stable and predictable source of income, it may not always align with the local market conditions, leading to potential financial gaps or surpluses.
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.