Location: Malheur County, OR | Metro: Malheur County, OR
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $202,919 | 0.5% | F |
| 3BR | $1,410 | $279,693 | 0.5% | F |
| 4BR | $1,700 | $332,537 | 0.51% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1,030 for the metro area in fiscal year 2026, Nyssa, OR (ZIP 97913) presents a clear opportunity for landlords. The market rent, according to Census ACS data, stands at $803, indicating a significant gap between what the government deems fair and the actual rental prices. This discrepancy means landlords can potentially charge more than the average market rate while still being within acceptable limits for Section 8 participants.
The median home value in Nyssa is $276,950, offering a solid investment base for property owners. Given that 35.6% of residents are renters, there's a substantial demand for rental properties. However, the median income of $55,921 suggests that many tenants might need assistance to afford housing, making Section 8 vouchers particularly relevant in this market.
Despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, the existing figures paint a picture where the rental market is ripe for those willing to engage with Section 8 tenants. The FMR is notably higher than the current market rent, which could be leveraged to attract Section 8 participants without significantly undercutting typical rental rates.
In conclusion, the combination of a high FMR relative to market rents, a considerable portion of renters, and a median income that aligns well with the financial needs of potential Section 8 tenants, makes Nyssa, OR a favorable location for landlords and small-portfolio investors looking to enter the Section 8 program. The verdict: Section 8 is a viable option in Nyssa, OR.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.