Section 8 Fair Market Rent (FMR) for ZIP 97036 - 2027

Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,550
1 Bedroom$1,660
2 Bedrooms$1,910
3 Bedrooms$2,590
4 Bedrooms$3,120
5 Bedrooms$3,619
6 Bedrooms$4,053
7 Bedrooms$4,377
8 Bedrooms$4,596
Based on the available data, ZIP 97036 (located in Portland-Vancouver-Hillsboro, OR-WA MSA) is best suited as a **cash-flow anchor** within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 97036 in fiscal year 2024 is set at $2040. However, specific market and median home value data for ZIP 97036 is not readily available. To understand the context better, let's consider the broader metropolitan area. In the Portland-Vancouver-Hillsboro, OR-WA MSA, the real estate market tends to be stable, offering reliable cash flow to landlords. Given that the FMR is fixed at $2040, landlords can expect consistent rental income from tenants participating in the Section 8 program. This stability is crucial for managing cash flow in a portfolio, ensuring predictable revenue even when other parts of the investment may face volatility.

The lack of specific market data for ZIP 97036 suggests that it might be a smaller town or community within the larger metro area, which often means lower competition and more straightforward management for landlords. This ZIP code could serve as a foundation for a diversified Section 8 portfolio, providing steady income without the need for frequent adjustments.

While appreciation plays and diversifiers are important components of any real estate strategy, the current data indicates that ZIP 97036 is most valuable as an anchor for cash flow. Landlords should focus on maintaining properties in good condition to comply with Section 8 requirements and ensure they continue to attract tenants, thereby securing a stable source of rental income.

Data Sources: FMR data from HUD (2027).

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.