Location: Malheur County, OR | Metro: Malheur County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
25.0% of residents in ZIP 97902 are renters, indicating a significant portion of the population that could be eligible for Section 8 housing programs. However, the $1,260 Fair Market Rent (FMR) set for metro areas in fiscal year 2026 shows a clear guideline for rental properties accepting Section 8 vouchers. Despite the N/A placeholders for market rent, median home value, median income, days on market (DOM), and the percentage of price-cut share, the FMR figure stands out as a critical benchmark. Landlords and small-portfolio investors should ensure their rental units meet the quality standards required by the Section 8 program while staying within the $1,260 limit. The lack of specific data on other metrics suggests either a recent update in reporting or an area where additional research might be beneficial. Given the 25.0% renter share, there is a substantial opportunity for landlords to tap into the federal assistance program, providing affordable housing options while maintaining financial stability. For those considering adding Section 8 tenants, it's essential to review local housing market dynamics and adjust accordingly. With the FMR clearly defined at $1,260, landlords can make informed decisions about pricing and property management to attract and retain Section 8 participants effectively.
Moreover, understanding the specific requirements and benefits of the Section 8 program can help investors navigate the complexities of federal housing assistance. It's important to note that while the FMR provides a cap for rental rates, the actual subsidy amount per voucher holder can vary based on family size and income levels. This means landlords must be prepared to work with the Housing Authority to determine the appropriate subsidy for each tenant. The 25.0% renter share also implies a competitive market for rental properties, making it crucial for landlords to offer well-maintained and attractive living spaces to stand out. Although the median income data is unavailable, the FMR gives a solid reference point for setting rental rates that align with the financial capabilities of low-income families. Lastly, the absence of specific data on days on market and price-cut share indicates a need for landlords to stay vigilant about property maintenance and market positioning to avoid extended vacancy periods.
In conclusion, the $1,260 FMR for ZIP 97902 represents a clear opportunity for landlords and small-portfolio investors to participate in the Section 8 program, providing affordable housing while ensuring financial viability. The 25.0% renter share supports a robust demand for rental properties, making Section 8 a valuable tool for securing long-term, stable tenancy. The verdict for Section 8 in ZIP 97902 is positive, given the established FMR and the significant renter population.
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.