Location: Baker County, OR | Metro: Baker County, OR
| 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 |
U.S. Census Bureau data (2024)
25.0% of residents in ZIP code 97837 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $1,050 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, which is the benchmark used by the U.S. Department of Housing and Urban Development (HUD) for determining payment standards under the Section 8 program. Given the lack of data on market rent and median home value, it's challenging to compare the FMR with local rental rates, but the high percentage of renters suggests a robust demand for affordable housing options. The absence of information regarding the median income and days on market (DOM) for rental listings indicates that there might be limited publicly available data for this specific ZIP code, making it necessary to gather more localized insights through direct market research. Without specific data on the percentage of price-cut share, we can infer that landlords in 97837 should maintain competitive pricing to attract tenants, especially considering the reliance on rental housing. In conclusion, for ZIP code 97837, with a 25.0% renter share and an FMR of $1,050, landlords and small-portfolio investors should focus on providing quality, affordable rental units to meet the needs of the local market. Verdict: Section 8 properties in 97837 are viable investments given the strong tenant demand.
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.