Location: Klamath County, OR | Metro: Klamath County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 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 |
U.S. Census Bureau data (2024)
17.2% of residents in ZIP 97622 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120, which serves as a benchmark for rental pricing in subsidized housing programs. Despite the N/A market rent figure, it's clear that landlords can align their rental rates with the FMR to remain competitive and compliant with government standards. The median home value stands at $221,362, suggesting a stable real estate market where investments could yield solid returns. However, the median income of $24,902 highlights a potential challenge for landlords, as it may limit the number of tenants who can afford higher rents without assistance. With the N/A-day DOM (Days on Market) and N/A% price-cut share, there isn't enough data to assess the speed of property sales or the necessity for price reductions, but the relatively low median income implies a need for flexible leasing terms. Given these factors, landlords and small-portfolio investors should consider offering Section 8 housing as a viable strategy to attract qualified tenants and ensure steady occupancy. This approach leverages the federal subsidy to bridge the gap between the median income and the cost of living, including rent. In conclusion, the data points toward a market where Section 8 participation can be beneficial for maintaining a healthy investment portfolio.
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.