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 | $1,680 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,810 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,070 | $369,502 | 0.56% | F |
| 3BR | $2,810 | $486,363 | 0.58% | F |
| 4BR | $3,380 | $538,700 | 0.63% | D |
| 5BR | $3,921 | $619,170 | 0.63% | D |
U.S. Census Bureau data (2024)
2150 is the Fair Market Rent (FMR) for ZIP code 97078 in Beaverton, OR, for fiscal year 2024, indicating the maximum amount landlords can charge for a Section 8 rental agreement. However, the actual market rent, known as ZORI, stands at 1793, suggesting that landlords participating in Section 8 can still command a premium over the typical market rates. The median home value in the area is 496,283, which reflects a robust real estate market where properties are generally priced higher. With a 37.7% share of renters, it's clear that a significant portion of the population relies on rental housing, making the demand for rental units strong. The median income of 90,606 is another key figure, as it provides insight into the financial capabilities of potential tenants. Despite the high median home value, the lack of available data on days on market (DOM) and the low 0.2% price-cut share suggest that the real estate market in Beaverton is stable and sellers are not frequently lowering their prices to attract buyers.
The disparity between the FMR and the ZORI highlights the attractiveness of Section 8 for landlords who want to ensure a steady stream of rental income without the risk of vacancy. Given the strong rental demand and stable property values, landlords in Beaverton should consider participating in the Section 8 program to maximize their investment returns. This is particularly true since the median income level supports the likelihood of finding eligible tenants who can meet the income requirements for Section 8 assistance. Additionally, the low price-cut share indicates that the local real estate market is resilient, which bodes well for long-term investment stability.
In conclusion, the data paints a picture of a thriving rental market in Beaverton, OR, where the Section 8 program offers a viable and profitable option for landlords and small-portfolio investors. The verdict for Section 8 participation in ZIP 97078 is positive, given the favorable economic indicators and the potential for steady rental income.
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.