Section 8 Fair Market Rent (FMR) for ZIP 97833 - 2027

Location: Baker County, OR | Metro: Baker County, OR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$900
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)

Population

863

Median Household Income

$83,750

Housing Units

371

Renter Percentage

22.9%

Occupancy Rate

84.6%

Renter Occupied

ZIP code 97833, located in Oregon, is a suburban area characterized by its blend of residential neighborhoods and natural landscapes. The region offers a mix of housing options, including both rental properties and homes for sale, catering to a diverse range of residents.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, providing a benchmark for rental pricing.
The actual market rent, according to the latest Census American Community Survey (ACS), stands at $2,095, indicating that rents in the area are significantly above the FMR.
The median home value is currently not available, which could suggest a lack of recent sales data or a predominantly rental-focused market.
Renters make up 22.9% of the local population, showing a notable but not overwhelming presence of rental units.
The median income for the area is $83,750, reflecting a middle-class community with moderate earning power.

Synthesizing these points, the market in ZIP 97833 presents an opportunity for landlords and small-portfolio investors due to the substantial gap between the FMR and the actual market rent. With a median income of $83,750, residents have the financial capability to support higher rent prices. However, the relatively low renter share suggests that competition among rental properties might be fierce, requiring careful management and possibly upgrades to remain competitive. The absence of median home value data implies a focus on rentals rather than sales, making this area particularly suitable for those interested in the rental market. Overall, the area offers a stable investment climate for those willing to engage in the rental market with well-managed properties.

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.