Section 8 Fair Market Rent (FMR) for ZIP 97736 - 2027
Location: Harney County, OR | Metro: Harney County, OR
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 97736 for Section 8 investment, follow this decision tree:
- Does FMR $1,010 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest. The Fair Market Rent (FMR) of $1,010 is insufficient to cover the debt service on any property in this area.
- Is market rent above, at, or below FMR?
- If above FMR: This suggests strong local demand and potential for higher returns outside of Section 8. Consider diversifying your portfolio.
- If at FMR: Market conditions align well with Section 8 rates. You can expect steady but not exceptional returns.
- If below FMR: There is little to no margin beyond covering operating costs. Stick strictly to Section 8 properties to avoid financial strain.
- Are 75.0% renters plus N/A-day days on market (DOM) enough demand?
- If 75.0% of the population are renters and DOM is low: Yes, there is sufficient demand. A high percentage of renters indicates a strong market for rental properties, and low DOM suggests that units are quickly occupied.
- If 75.0% of the population are renters but DOM is high: It depends. While the rental rate is favorable, high DOM could indicate issues with property desirability or market saturation.
- If the percentage of renters is significantly lower than 75.0%: No, the demand is too weak. A smaller proportion of renters means fewer potential tenants and higher vacancy risks.
Note: Specific figures for market rent and DOM were not provided. These factors are critical in assessing the viability of an investment in ZIP 97736. Ensure you research these metrics to make an informed decision.
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.