Section 8 Fair Market Rent (FMR) for ZIP 97909 - 2027
Location: Malheur County, OR | Metro: Malheur County, OR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $730 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 97909 for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,050 cover the debt service on a property?
- Yes: Proceed to the next question.
- No: Do not invest in this area. The FMR does not provide sufficient income to meet financial obligations.
- Is the market rent above, at, or below the FMR?
- Above: Consider the potential for higher returns outside of Section 8, but acknowledge that it might be harder to find tenants willing to pay the FMR.
- At: This indicates a balanced market where Section 8 can be a viable option. Continue to the next step.
- Below: Section 8 becomes more attractive since it guarantees a certain level of rental income. Move to the next question.
- Are there enough renters and days on the market (DOM) to meet demand?
- 100.0% renters: This suggests a strong rental market. However, you must also consider the DOM to ensure properties are occupied promptly.
- N/A-day DOM: Insufficient data is available to make a determination about how quickly properties are rented. Without this information, it's difficult to assess whether the number of renters is translating into actual occupancy rates.
It Depends: Given that the FMR of $1,050 could potentially cover debt service and the market rent is either at or below the FMR, making this ZIP code appealing for Section 8 investments. However, without specific data on the DOM and the condition of properties in the area, it's impossible to definitively recommend an investment. Ensure you conduct thorough due diligence on the local real estate market and property conditions before making any purchase decisions.
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.