Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
1890 FMR (Fair Market Rent) for ZIP code 97125 indicates that the maximum rent allowable under Section 8 for a unit in this area is $1890 per month in fiscal year 2024. 0.0% renter share suggests that very few residents in 97125 rely on rental housing, implying a low demand for subsidized rentals. However, the median income of $250,001 provides insight into the economic status of the residents, showing a relatively high-income demographic. Despite the lack of specific data on market rent, median home value, days on market (DOM), and the percentage of price-cut share, the implications are clear: landlords in 97125 can expect a niche market for Section 8 tenants.
Investors should be cautious about entering the Section 8 market in 97125 due to the extremely low renter share, which could result in fewer available tenants. The high median income figure might also suggest that many residents can afford market-rate rents without assistance, further reducing the pool of potential Section 8 participants. Moreover, the absence of data on typical market rent and DOM could indicate limited activity in the rental market, making it difficult to gauge the competition and turnover rates.
In conclusion, while the $1890 FMR sets a clear upper limit for allowable rent, the combination of a 0.0% renter share and a median income of $250,001 points to a challenging environment for landlords looking to attract Section 8 tenants. The lack of comprehensive rental market data adds another layer of uncertainty. For small-portfolio investors, the decision to participate in the Section 8 program in 97125 must be carefully weighed against these factors.
Section 8 verdict for ZIP 97125: Not recommended for new Section 8 investments due to low tenant demand and high resident income levels.
Data Sources: FMR data from HUD (2027). 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.