Location: Wallowa County, OR | Metro: Wallowa County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
23.1% of residents in ZIP 97857 are renters, indicating a significant demand for rental properties in the area. With a Fair Market Rent (FMR) set at $1,280 for metro areas in fiscal year 2026, landlords can expect to receive this amount as a maximum payment from Section 8 participants. The Census ACS reports a market rent of $1,342, which is slightly above the FMR, suggesting that landlords who participate in the Section 8 program might see their rents capped but still remain competitive in the local market. The median home value stands at $459,005, reflecting a relatively stable housing market that could support steady rental incomes. However, the median income of $68,375 suggests that many potential tenants might rely on government assistance to afford housing, making the Section 8 program an attractive option for securing long-term tenants. Unfortunately, data regarding the average days on market (DOM) and the percentage of homes that have had their prices cut is unavailable, which means we cannot assess the current supply-demand balance or pricing trends with precision. Despite these gaps, the figures available point towards a viable opportunity for landlords willing to engage with the Section 8 program.
In conclusion, given the strong rental demand and the closeness of the FMR to the market rent, landlords in ZIP 97857 should consider participating in the Section 8 program to ensure a steady stream of income and access to a pool of qualified tenants. The verdict on Section 8 for ZIP 97857 is positive, as it aligns well with the local economic conditions and rental market dynamics.
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.