Location: Malheur County, OR | Metro: Malheur County, OR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $930 |
| 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)
36.7% of residents in ZIP code 97911 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $275 market rent observed in the area, as reported by the Census ACS. In contrast, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,080, which is notably higher than the current market rent. This discrepancy suggests potential for rent increases, especially if landlords can offer properties that meet higher standards or amenities.
$27,500 is the median income for ZIP 97911, which is below the average income levels seen in many parts of the country. However, the availability of Section 8 funding at $1,080 FMR provides a stable source of income for landlords willing to participate in the program. The lack of data on days on market (DOM) and the percentage of price-cut shares indicates that there might be limited fluctuations in property values, suggesting a relatively stable market for real estate investments.
The high proportion of renters at 36.7% and the low median income at $27,500 highlight the importance of affordable housing options in ZIP 97911. Landlords who consider participating in the Section 8 program can benefit from a guaranteed renter base, given the substantial share of the population that rents. Additionally, the difference between the market rent at $275 and the FMR at $1,080 implies that landlords could potentially command higher rents if they improve their properties to match the quality expected by the FMR.
In summary, ZIP 97911 presents an opportunity for landlords and small-portfolio investors looking to capitalize on a market where a large percentage of residents are renters and where the Section 8 program offers a reliable income stream. With the current market rent significantly lower than the FMR, there is room for growth and improvement in rental pricing.
Section 8 Verdict: A strong consideration for landlords in ZIP 97911 due to the high renter share and stable income guarantees.
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.