Location: Klamath County, OR | Metro: Klamath County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The ZIP code 97604, located within the Klamath County, OR metro area, has a Fair Market Rent (FMR) of $1,250 for fiscal year 2026. This figure represents the rental cost threshold used by the U.S. Department of Housing and Urban Development (HUD) for eligibility in the Section 8 housing program. However, the market rent, home value, and renter share percentages for ZIP 97604 are currently unavailable, which limits a comprehensive comparison to other ZIP codes within Klamath County.
To contextualize the FMR of $1,250 in ZIP 97604, we must consider it against the backdrop of typical conditions in Klamath County, OR. The lack of specific market rent and home value data makes it challenging to definitively categorize 97604 as a value pocket, a mid-tier neighborhood, or a premium sub-market. Nevertheless, the presence of an FMR without corresponding market rent data suggests that 97604 might be more aligned with HUD's standards for low-income housing support rather than reflecting the broader market dynamics.
In terms of identifying potential sweet spots for Section 8 participation, the absence of a renter share percentage means we cannot directly infer if there is a significant portion of renters who could benefit from the lower FMR threshold. Typically, a high renter share coupled with below-average home values can indicate areas where Section 8 vouchers are particularly useful, but without these specific figures, such an inference remains speculative.
Landlords and small-portfolio investors should note that while the FMR provides a benchmark for rental costs, the actual market conditions in ZIP 97604 may vary. To make informed decisions about investment or rental pricing, they should seek additional local real estate data and trends. The FMR of $1,250 serves as a critical point for eligibility in government assistance programs, but understanding the full picture requires further investigation into the local real estate market.
Data Sources: FMR data from HUD (2027).
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.