Location: Union County, OR | Metro: Union County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 97841, located in Union County, Oregon, reveals several key points that are essential for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by the U.S. Department of Housing and Urban Development (HUD) for the metro area including ZIP 97841 for fiscal year 2026 is set at $1,380. However, the current market rent data for this specific area is currently unavailable, making it challenging to provide a direct comparison between the HUD FMR and the actual rents being charged.
Based on the available HUD FMR, voucher tenants in ZIP 97841 will generally cashflow at this rate, assuming the market rents align closely with the FMR. If market rents exceed the FMR significantly, then cashflow might only be possible with premium units or through cost-saving measures such as efficient property management practices.
The median home value in ZIP 97841 is also currently unavailable, which means we cannot directly calculate the rent-to-price ratio. This ratio would typically help investors understand how rental income compares to the potential equity growth from owning a home in the area. Without this information, it's important to rely on other metrics and trends to gauge the investment climate.
The Days on Market (DOM) and the percentage of homes that have experienced price cuts are also not available. These metrics are crucial in understanding the broader real estate market dynamics, especially when considering the balance between renting and buying. In their absence, it's advisable to focus on the stability provided by the Section 8 program, which offers guaranteed rental income through government subsidies.
The strongest investor angle in ZIP 97841 is likely to be stability. The Section 8 program provides a reliable source of income through its fixed payment schedule, which can offer peace of mind in an uncertain economic environment. Additionally, the program's requirements ensure a steady stream of qualified tenants, reducing vacancy rates and the associated risks.
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.