Location: Klamath County, OR | Metro: Bend-Redmond, OR HUD Metro FMR Area
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 | $1,230 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,240 | $291,065 | 0.43% | F |
| 2BR | $1,610 | $360,212 | 0.45% | F |
| 3BR | $2,240 | $452,860 | 0.49% | F |
| 4BR | $2,700 | $533,982 | 0.51% | F |
U.S. Census Bureau data (2024)
The dynamics of ZIP 97739, located in La Pine, Oregon, reveal a market in motion. The Fair Market Rent (FMR) for the area is set at $1350 for the fiscal year 2024, indicating government standards for rental affordability. In contrast, the actual market rent, measured by the Zillow Rent Index (ZORI), stands at $1,805. This suggests that the market is robust, with rents significantly above the FMR threshold.
The 0.2% price-cut share among listings points to a seller's market, where landlords and homeowners have little need to reduce their asking prices to attract tenants or buyers. The lack of days on market (DOM) data could imply that homes are moving quickly once listed, further supporting the notion of strong demand. With a median home value of $407,652, the area is appealing to both buyers and investors looking for solid property values.
The 18.3% renter share provides insight into the long-term housing pressures. A higher proportion of renters can indicate potential challenges in the future if there is an increased desire for homeownership. However, it also signals a consistent demand for rental properties, which is beneficial for landlords and small-portfolio investors. The presence of renters can drive up the competition for available units, leading to steady or rising rents.
In summary, ZIP 97739 exhibits characteristics of a market where demand outpaces supply, evidenced by high market rents and low price-cut shares. The significant renter population suggests ongoing pressure on housing availability, favoring those who invest in rental properties. Landlords and small-portfolio investors should take note of these dynamics as they navigate the real estate landscape in La Pine, Oregon.
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.