Location: Klamath County, OR | Metro: Klamath County, OR
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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $244,094 | 0.46% | F |
| 3BR | $1,570 | $350,113 | 0.45% | F |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP code 97623, Bonanza, Oregon, are significant. Tenant turnover is a critical issue, with the market rent at $881 being notably lower than the Fair Market Rent (FMR) of $1,120 for FY 2026 in the metropolitan area. This discrepancy suggests that tenants may struggle to afford higher rents outside of the subsidized program, leading to frequent moves and higher vacancy rates.
Vacancy exposure is another concern. The days on market (DOM) data is currently unavailable, which makes it difficult to predict how long properties might remain vacant. Given the lower market rent, there is a risk that landlords could face prolonged vacancies if they do not participate in the Section 8 program.
The deferred-maintenance exposure is substantial, considering the typical home value of $316,970 and the median household income of $66,927. These figures indicate that many homeowners may find it challenging to keep up with maintenance costs, especially if they are renting out their property. For landlords, this means potential higher costs for repairs and upkeep, which can be a significant financial burden.
However, these risks must be weighed against the high renter share of 20.3%. High renter density typically translates into a robust demand for rental properties, including those participating in the Section 8 housing assistance program. With such a large portion of the population租房，通常意味着对出租物业的强烈需求，包括那些参与Section 8住房援助计划的物业。随着如此大的人口比例租房，持有Section 8补贴租约的房东可能会发现更容易找到和保留租户。初次尝试成为Section 8房东的风险为中等。
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.