Location: Baker County, OR | Metro: Baker County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The classification of ZIP code 97884 hinges upon the available data points concerning its financial metrics and market stability. Let's break down the analysis into two primary categories: yield and stability.
Yield Analysis: The Federal Market Rent (FMR) for ZIP 97884 stands at $1,050 for the fiscal year 2026. This figure represents the maximum rent that a Section 8 voucher holder can pay in the area. However, the absence of market rent and home value data makes it challenging to fully assess the potential rental yield. Typically, a higher FMR relative to market rents would suggest a higher yield opportunity, but without comparative market figures, we cannot make this determination conclusively. It is noted that the FMR is a fixed amount set by HUD and does not fluctuate based on market conditions, which can limit its utility in assessing true yield potential.
Stability Analysis: Stability in this context is gauged by several factors including the percentage of renters, days on market (DOM), and median household income. With 22.4% of residents being renters, this indicates a moderate reliance on rental housing in the area. The lack of DOM data introduces uncertainty regarding how quickly properties are rented out, which is crucial for understanding market liquidity. However, the median household income of $45,694 suggests a relatively stable economic base, which is positive for long-term investment viability. Higher incomes generally correlate with lower tenant turnover rates and a greater ability to afford rent, thereby contributing to market stability.
Based on the provided data, ZIP 97884 appears to be a steady-cashflow zone. The presence of a defined FMR ensures a predictable income stream for landlords who participate in the Section 8 program. While the percentage of renters is moderate, the solid median household income supports the notion that tenants will be able to consistently meet their rental obligations. The lack of market rent and DOM data prevents a full assessment of high-yield potential, but the existing information leans towards a market where stability and consistent cash flow are more prominent characteristics than high volatility or quick flips.
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.