Location: Klamath County, OR | Metro: Klamath County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
ZIP code 97626, located in Fort Klamath, Oregon, has a population of 251, with only 5.5% of residents being renters. This indicates that the area is primarily dominated by homeowners rather than renters. The median household income for 97626 is not available; however, the average household income is $28,682, which is notably lower than the surrounding areas and Klamath County.
The Fair Market Rent (FMR) for the metro area is set at $1,260 for fiscal year 2026. Given the lack of specific market rent data for 97626, we can infer that the typical rent would consume a significant portion of the local average income. For context, the per-capita income in 97626 is $23,390, suggesting that a substantial share of the local income goes toward housing costs.
Comparing the average household income to the FMR, the typical rent eats approximately 44% of the local average income. This percentage highlights the financial strain that renters might face in the area, especially those relying on Section 8 vouchers. The absence of high-income households in 97626 further underscores the economic challenges faced by the local population.
Landlords in 97626 should expect tenants who are likely to have low to moderate incomes, with a significant number potentially using Section 8 vouchers. These tenants will be sensitive to rent increases and may require assistance with utilities and other living expenses. The scarcity of high-income households means that there is limited demand for luxury or high-end rentals, and the market is geared towards affordable housing solutions.
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.