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 | $1,520 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,870 | $396,622 | 0.47% | F |
| 3BR | $2,540 | $470,323 | 0.54% | F |
| 4BR | $3,060 | $546,370 | 0.56% | F |
| 5BR | $3,550 | $639,985 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 97056, located in Scappoose, Oregon, stands out in Columbia County with a population of 12,795 residents, where 24.3% are renters. The median income here is $94,209, indicating a relatively comfortable economic status for its inhabitants. The median home value in the area is notably high at $490,867, which reflects the significant investment potential for property owners in Scappoose.
When it comes to Section 8 housing, the Financial Market Rent (FMR) for ZIP 97056 in fiscal year 2024 is set at $2,000. This figure is significantly higher than the actual market rent, which is reported at $1,617 based on Census ACS data. This discrepancy means that landlords can potentially receive higher rents through the Section 8 program compared to the local rental market rates, making it an attractive option for those looking to manage properties in this ZIP code.
The data signature for ZIP 97056 indicates a stable environment. With a healthy median income and a high median home value, the area demonstrates financial stability. The higher FMR relative to the market rent also suggests that the government is willing to support affordable housing initiatives in this region, further reinforcing the stability of the housing market. For landlords and small-portfolio investors, this ZIP code offers a reliable setting with the potential for steady returns through the Section 8 program.
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.