Location: Grant County, OR | Metro: Grant County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The classification of ZIP code 97873 on the axes of yield and stability reveals a unique market dynamic. For yield, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $990. However, the lack of specific market rent and home value figures for ZIP 97873 indicates that there might be limited data available, which can affect investment decisions.
On the stability axis, the market shows a lower level of renter concentration at 14.1%, which suggests that the majority of residents own their homes rather than renting. This can be indicative of a less volatile rental market but also implies fewer potential tenants. The median household income of $39,821 provides insight into the financial capacity of the residents, which is relatively modest compared to national averages. This figure can impact both the demand for rental properties and the ability of residents to afford higher rents.
The absence of a specific number of days on the market (DOM) further complicates the assessment of property turnover speed and liquidity in the area. Despite these limitations, the FMR of $990 suggests a moderate rental yield potential, assuming that market rents are close to the federal guideline. Given the modest income levels, landlords and small-portfolio investors should expect that rental rates will need to remain competitive to attract tenants.
Based on the provided figures, ZIP 97873 does not fit neatly into either a high-yield/low-stability "flip-style" market or a steady-cashflow zone. It appears to be an intermediate market where the stability of a moderate renter population and modest income levels balance against the moderate rental yield indicated by the FMR. Investors should focus on properties that offer long-term rental potential rather than quick flips, due to the limited data suggesting a slower-moving market. The analysis underscores the importance of local market knowledge and the need for thorough research before making investment decisions in this ZIP code.
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.