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Tillamook County/Bay City/97107

97107

ZIPSAFMR
Tillamook County, OR
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,000$1,000
1 BR$1,110$1,110
2 BR$1,430$1,430
3 BR$1,980$1,980
4 BR$2,220$2,220
5 BR$2,553Not available
6 BR$2,936Not available
7 BR$3,376Not available
8 BR$3,883Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMRUsed$1,430
Market rentN/A
Est. payment standardN/A
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 97107 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97107 (Bay City, OR) is $1,430 a month. That is down 5.9% from $1,520 in FY 2026. Bay City is in the Tillamook County, OR non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,301. Among 15 ZIP codes in Tillamook County, 97107 has the 8th-highest two-bedroom rent (county range $1,270–$1,660). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97107 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97107
BedroomsFY 2027Change90–110% range
Studio$1,000−9.1%$900–$1,100
1BR$1,110−9.8%$999–$1,221
2BR$1,430−5.9%$1,287–$1,573
3BR$1,980−6.2%$1,782–$2,178
4BR$2,220−1.3%$1,998–$2,442

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97107
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,110$1,430$1,980$2,220
FY 2026$1,100$1,230$1,520$2,110$2,250
FY 2025$970$1,050$1,320$1,850$1,970
FY 2024area FMR$832$919$1,173$1,653$1,809
FY 2023area FMR$753$832$1,095$1,556$1,827

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Tillamook County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97107
97102$1,470+2.8%
97107Current$1,430—
97108$1,490+4.2%
97112$1,490+4.2%
97118$1,270−11.2%
97122$1,490+4.2%
97130$1,660+16.1%
97131$1,600+11.9%
97134$1,270−11.2%
97135$1,470+2.8%
97136$1,270−11.2%
97141$1,270−11.2%

Questions about ZIP 97107 rents

How much will Section 8 pay for a two-bedroom in ZIP 97107?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,301, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,171 to $1,431 a month; under the ZIP-level Small Area FMR of $1,430 it would be $1,287 to $1,573. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 97107 in?

ZIP 97107 is in the Tillamook County, OR non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,301.

How much did fair market rent change in ZIP 97107 for FY 2027?

The two-bedroom FMR fell 5.9%, from $1,520 in FY 2026 to $1,430 in FY 2027. Since FY 2025 it has risen 8.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBay City, OR fair market rentOR statewide rentsWhat is SAFMR?Data sources