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 | $1,140 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,630 | $182,552 | 0.89% | C |
| 3BR | $2,260 | $289,148 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 97632, located in Malin, Oregon, presents an interesting scenario for both renters and landlords. The median income for a household in this area stands at $44,167. Considering the market rate for rent is $1,243 per month according to the Census ACS, it becomes evident that affordability is a significant concern for local residents.
In comparison, the Fair Market Rent (FMR) for the metro area, set at $1,120 for fiscal year 2026, is slightly lower than the market rate but still represents a considerable expense for many households. This means that while the FMR provides some relief, it still leaves a notable gap between what tenants can afford and what landlords might aim to charge.
Given that 27.9% of the 1,600 population are renters, the competition among landlords is moderate. However, the affordability gap suggests that many potential tenants will be looking for ways to reduce their housing costs, making rental assistance programs highly attractive.
The takeaway for landlords considering voucher versus cash-pay strategies is clear. While cash-paying tenants might offer higher immediate rents, the demand for affordable housing supported by vouchers could lead to a more stable tenant base. Vouchers ensure consistent rental payments, which can be crucial for maintaining steady cash flow and avoiding vacancy periods. Additionally, with the FMR providing a benchmark for reasonable rent, landlords who accept vouchers can still expect fair compensation without the risk of losing tenants to more affordable options.
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.