Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA
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 | $1,510 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,530 |
| 4 Bedrooms | $3,040 |
| 5 Bedrooms | $3,526 |
| 6 Bedrooms | $3,949 |
| 7 Bedrooms | $4,265 |
| 8 Bedrooms | $4,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,620 | $194,011 | 0.84% | C |
| 2BR | $1,860 | $360,798 | 0.52% | F |
| 3BR | $2,530 | $502,257 | 0.5% | F |
| 4BR | $3,040 | $618,672 | 0.49% | F |
| 5BR | $3,526 | $702,619 | 0.5% | F |
U.S. Census Bureau data (2024)
1890 FMR in ZIP code 97005 for fiscal year 2024 indicates the Fair Market Rent set by HUD for Beaverton, OR. This figure is critical for landlords participating in the Section 8 program, as it defines the maximum allowable rent for subsidized units. In comparison, the market rent stands at 1742 ZORI, suggesting a slight premium for Section 8 properties over the general rental market. The median home value of 488,957 underscores the overall economic status of the area, which is relatively affluent. With a renter share of 60.8%, it's evident that a significant portion of the population relies on rental housing, making the demand for Section 8 units robust.
The median income of 78,239 in the area highlights the financial capabilities of potential tenants. Landlords should note that while the median income is respectable, the income limit for Section 8 eligibility is lower, ensuring that the program serves those most in need. The day DOM (days on market) is listed as N/A, which might indicate either a very efficient rental market or a lack of recent data. Regardless, the low price-cut share of 0.2% suggests that landlords rarely need to reduce their asking prices to attract tenants, indicating strong property values and demand.
In conclusion, ZIP 97005 presents a favorable environment for landlords interested in the Section 8 program. The gap between the FMR and market rent, combined with a high renter share and stable property values, points towards a market where Section 8 can be both financially viable and socially responsible. However, careful consideration of tenant income limits and compliance with HUD regulations remains essential. For small-portfolio investors, this area offers a solid opportunity to engage in affordable housing provision without compromising on investment returns. Participation in Section 8 in Beaverton, OR, is recommended with due diligence.
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.