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 | $1,580 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,630 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $293,765 | 0.66% | D |
| 3BR | $2,630 | $567,905 | 0.46% | F |
| 4BR | $3,170 | $718,704 | 0.44% | F |
| 5BR | $3,677 | $824,466 | 0.45% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 97062, located in Tualatin, Oregon, within the Portland-Vancouver-Hillsboro, OR-WA MSA metro area, reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably. The Fair Market Rent (FMR) for ZIP 97062 in fiscal year 2024 is set at $2110, which exceeds the market rent indicator, ZORI, at $1,727. This means that landlords aiming to align with government standards might struggle to find tenants willing to pay the higher rent.
Acquisition remains affordable. With a median home value of $640,352, the market offers a reasonable entry point for investors. The average days on market (DOM) stands at 26 days, indicating a relatively quick turnover rate for listings. Additionally, only 0.3% of homes have been subject to price cuts, suggesting a stable housing market without significant downward pressure on property values.
Tenant demand is present but not overwhelming. The population of 28,930 residents includes a 41.5% renter share, providing a substantial pool of potential tenants. However, the percentage of renters is moderate, implying that while there is demand, competition among rental properties could be fierce.
In summary, ZIP 97062 presents a mixed scenario for investment. The discrepancy between FMR and market rent suggests a challenging environment for landlords adhering strictly to government guidelines. On the positive side, home acquisition is feasible with stable values and quick sales cycles. Tenant demand is solid but not exceptional, necessitating competitive pricing and attractive offerings to secure and retain renters. Overall, the area requires careful consideration and strategic planning to capitalize on its opportunities.
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.