Location: Union County, OR | Metro: Baker County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 97867 in Union County, Oregon reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $990 per month for the fiscal year 2026, which is above the market rent of $815 as reported by the Census ACS. This indicates that voucher tenants will generally cashflow at the HUD FMR, providing a steady and reliable income stream for landlords.
To further understand the investment potential, consider the median home value in ZIP 97867, which stands at $277,689. Using this figure, we can calculate a rent-to-price ratio. At $815 monthly rent, the annual rent would be $9,780, resulting in an approximate rent-to-price ratio of 3.5%. This ratio suggests that rental income represents a modest portion of the property's value, making it a reasonable investment for those seeking stable returns through rentals.
Note that the data does not provide specific figures for the median days on market (DOM) or the percentage of homes that experienced price cuts. However, these metrics typically influence the rent-versus-buy decision for residents. In the absence of such data, it is important to focus on the current trends and the established HUD FMR, which provides a benchmark for rental pricing.
The strongest investor angle in ZIP 97867 is cashflow. With voucher tenants paying above the market rent, landlords can expect positive cashflow without needing to rely on premium units. This makes the area particularly attractive for small-portfolio investors looking to diversify their holdings with low-risk, high-reward rental investments.
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.