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 analysis for Section 8 properties in ZIP code 97905 centers around the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $1,000, while the market rent remains unspecified, indicating a lack of current data. This gap is crucial for understanding the financial dynamics of rental properties in this area.
Given that the market rent is not available, we can only work with the FMR figure. In a scenario where the FMR exceeds the market rent, it suggests that voucher tenants can provide a steady and reliable income stream, making it a yield play. Landlords can leverage the higher guaranteed payments from the voucher program to offset any potential risks associated with tenant turnover or maintenance costs.
However, if the market rent were to be higher than the FMR, landlords would face a significant challenge. Housing voucher tenants at below market rates could result in lost revenue opportunities. The difference between the FMR and the market rent would represent the cost of accepting voucher tenants, which could impact overall profitability.
The context of ZIP 97905 further illuminates these points. With 0.0% of residents identified as renters, the area primarily consists of homeowners. The median home value and median income figures are also not specified, leaving key demographic details about the area's economic status unclear. Despite these limitations, the FMR of $1,000 stands as a critical benchmark for landlords considering participation in the Section 8 program.
To summarize, the gap between the FMR and the market rent in ZIP 97905 is pivotal for decision-making. Landlords must weigh the benefits of stable rental income against the potential costs of foregoing higher market rents. The specific dollar amount and percentage of this gap cannot be quantified without additional data on current market rents, but the FMR serves as a solid reference point for evaluating the financial viability of Section 8 properties.
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.