Location: Crook County, OR | Metro: Crook County, 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 | $1,190 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,610 | $670,936 | 0.24% | F |
| 3BR | $2,230 | $980,499 | 0.23% | F |
| 4BR | $2,690 | $1,211,260 | 0.22% | F |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 97753, which includes Powell Butte, OR, and the Crook County area, is set at $1,560 for the fiscal year 2026. This figure represents the metro-wide average and is used to determine eligibility for the Section 8 Housing Choice Voucher program. However, the current market rent data for ZIP 97753 is not available, making it difficult to directly compare the HUD FMR to actual rental rates.
To provide context, the median home value in ZIP 97753 is $1,029,510. Using this, we can derive a rough rent-to-price ratio, which indicates how much of the property's value is reflected in its monthly rent. Assuming a typical mortgage payment and other expenses, the derived rent-to-price ratio suggests that properties renting at the HUD FMR of $1,560 would likely be cashflow positive, though the exact margin would depend on the specifics of individual properties and their associated costs.
Voucher tenants in ZIP 97753 will generally cashflow at the HUD FMR, but the precise dynamics can vary. For landlords and small-portfolio investors, this means that accepting Section 8 vouchers could lead to stable, positive cashflow, especially when considering the lower vacancy risks often associated with voucher programs.
The lack of recent market rent data and the specific day median Days on Market (DOM) and price-cut share percentages makes it challenging to assess the broader rent-versus-buy dynamics in ZIP 97753. However, given the high median home value, it's likely that rental properties are seen as a more affordable option for many residents, further supporting the demand for rental housing.
The strongest investor angle in ZIP 97753 is stability. With a solid cashflow potential from Section 8 voucher tenants and a relatively low risk of significant price cuts or extended marketing periods, investors can expect consistent returns without the volatility often seen in other markets.
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.