Location: Union County, OR | Metro: Baker County, OR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $225,438 | 0.49% | F |
| 3BR | $1,530 | $316,460 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 97883, located in Union, Oregon, stands out within Union County due to its unique demographic and economic characteristics. With a total population of 2,489 residents, 29.1% of whom rent their homes, it reflects a community that is predominantly owner-occupied. The median household income in this area is $65,172, which is relatively stable and suggests a middle-class neighborhood. Additionally, the median home value of $299,957 indicates a property market that is moderately priced compared to other regions.
Turning to the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,180. This figure is significantly higher than the current market rent, which according to Census ACS data, is $896. Landlords and small-portfolio investors should note that participating in the Section 8 program can offer a guaranteed rental income that exceeds the typical market rates, making it an attractive option for those looking to stabilize their cash flow.
The data signature for ZIP 97883 reads as stable, with a moderate level of renters and a steady median income. This stability provides a favorable environment for long-term investments, especially in rental properties. Given the disparity between the FMR and the actual market rent, there is a potential for increased profitability for those who accept Section 8 vouchers, as they can secure tenants at a rate above the local average.
To summarize, Union, OR (ZIP 97883) offers a stable market for real estate investment, particularly in rental properties. The Section 8 voucher program presents an opportunity to receive a higher rental income than the current market rate, thus ensuring a more predictable financial outlook for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.