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 | $1,620 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $3,250 |
| 5 Bedrooms | $3,770 |
| 6 Bedrooms | $4,222 |
| 7 Bedrooms | $4,560 |
| 8 Bedrooms | $4,788 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $554,871 | 0.36% | F |
| 3BR | $2,700 | $644,308 | 0.42% | F |
| 4BR | $3,250 | $760,308 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 97019, located in Corbett, Oregon, presents an interesting balance between yield and stability for real estate investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,910, which is notably higher than the market rent of $1,695. This indicates a potential for above-average rental yields if properties can be leased at or near the FMR. However, the median home value of $650,261 suggests that the area has relatively expensive housing stock, which could limit the number of affordable rental units.
In terms of stability, the ZIP code shows a mixed picture. With only 15.3% of residents being renters, the market is less dependent on rental income, indicating a lower risk of tenant turnover compared to areas with higher rental populations. However, the lack of available data on days on market (DOM) and the average household income of $104,022 provide limited insight into the financial health and job security of the local population. While the income figure is robust, it does not directly correlate to rental stability without additional metrics such as unemployment rates or tenant credit scores.
Evaluating these factors, ZIP 97019 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The higher FMR compared to market rent offers a chance for better returns, but the low percentage of renters and high home values suggest a more stable, albeit potentially less volatile, investment environment. For landlords and small-portfolio investors, this ZIP code provides a moderate opportunity for both yield and stability, making it suitable for those seeking a balanced approach to real estate investing.
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.