Location: Jefferson 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 | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,760 | $474,290 | 0.37% | F |
| 3BR | $2,430 | $586,900 | 0.41% | F |
| 4BR | $2,850 | $664,108 | 0.43% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 97760 (Terrebonne, OR) is signaling strong pricing power for the next 12-24 months. With a median home value of $579,461, the market has remained resilient despite only 0.3% of listings being reduced, indicating that sellers are maintaining their asking prices. The median days on market (DOM) being not available suggests a quick turnover rate, which is a positive sign for sellers looking to capitalize on the current demand.
The rent-side dynamics further support this analysis. The Fair Market Rent (FMR) for ZIP 97760 as of fiscal year 2024 is set at $1,370, significantly below the current market rent of $1,712 according to Census ACS data. This gap between the FMR and actual market rents suggests that there is room for rental price increases without significantly deterring tenants. Landlords and small-portfolio investors can expect to maintain or slightly increase their rental rates, thereby improving cash flow and investment returns.
For long-hold investors, the appreciation thesis in Terrebonne, OR, is realistic. The combination of stable home values and a favorable rental market indicates that property values are likely to remain steady or grow gradually. However, the growth will be modest compared to some other markets, given the limited percentage of price reductions and the absence of a prolonged DOM trend. Investors should focus on the consistent rental income and potential for gradual appreciation rather than expecting rapid capital gains.
The setup implied by the data suggests a balanced market where both homeowners and renters are willing to pay close to the current market rates. Landlords and small-portfolio investors can leverage this stability to make informed decisions about pricing and long-term investments. The key takeaway is that while the market is not overheating, it offers a solid foundation for those looking to invest in a stable real estate environment.
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.