Location: Grants Pass, OR | Metro: Grants Pass, OR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 97543, located within the Grants Pass, OR MSA metro area, presents itself as a solid cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the fiscal year 2024 in this ZIP code is set at $1470 for a one-bedroom unit. Comparatively, the market rent stands at $1016, indicating a significant spread that can be leveraged to ensure steady cash flow.
This spread means that landlords participating in the Section 8 program can secure rental income that exceeds the local market rate, providing a buffer against potential financial uncertainties. Given the median home value in the area is $424,616, it's evident that homeownership is relatively expensive, which could contribute to a higher demand for rental properties. This dynamic supports the idea that 97543 is well-suited for generating consistent cash flow.
While the ZIP code does not offer strong indicators for an appreciation play, due to the lack of specific data on price-cut shares and days on market (DOM), it still serves a valuable role in a diversified investment strategy. With a renter share of 41.7%, there is a notable segment of the population preferring or needing to rent, which can be advantageous for maintaining occupancy rates and stable income streams.
In summary, ZIP 97543 is best categorized as a cash-flow anchor within a Section 8 portfolio. Its ability to command higher rents through the Section 8 program, combined with the high cost of homeownership, positions it as a reliable source of income for landlords and small-portfolio investors.
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.