Location: Harney County, OR | Metro: Harney County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 97710 presents a dynamic rental market that is currently underserved by comprehensive data, yet certain indicators provide insights into its trajectory. With a Fair Market Rent (FMR) of $1,010 for fiscal year 2026, it's clear that the area has established rental rates, but the lack of current market rent data suggests either a nascent market or one that is rapidly changing, making it difficult to pinpoint exact trends.
The absence of recent data on price-cut shares and days on market (DOM) indicates a market that might be experiencing fluctuations, possibly due to external factors such as economic shifts or local development projects. This gap in data points to an environment where landlords and investors must remain vigilant to capture emerging opportunities.
A median home value that is not available suggests a diverse housing stock where values can vary widely, potentially creating both challenges and opportunities for those looking to invest in the area. While the exact median home value remains unknown, the presence of a defined FMR implies that there is a recognized baseline for affordable housing, which is crucial for understanding the local rental market dynamics.
The 10.3% renter share in 97710 provides a valuable clue about the long-term housing pressures. A lower renter share often correlates with areas where homeownership is more prevalent, but in this case, the relatively low percentage could indicate a community that is increasingly facing challenges in maintaining affordable homeownership options. This could be due to rising property values or other economic factors that push potential homeowners towards renting.
In summary, ZIP 97710 appears to be a market in flux, characterized by a known FMR but lacking in current detailed market metrics. The dynamics suggest a rental market that is likely growing, driven by a combination of affordability concerns and possibly an increase in population or employment opportunities. For landlords and small-portfolio investors, this represents a complex landscape where adaptability and a keen eye on local developments will be key to success.
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.