Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
The classification of ZIP 97207 in Portland, Oregon, based on yield and stability reveals a moderately attractive market for landlords and small-portfolio investors. The Fair Market Rent (FMR) for ZIP 97207 in fiscal year 2024 is set at $1,990 for a two-bedroom apartment, according to HUD. This figure serves as a benchmark for rental yields.
Regarding stability, while specific data on renters' income and days on market (DOM) for 97207 are not available, the overall trend in the Portland area indicates a relatively stable rental market. The climate section of the Redfin report suggests a moderate flood risk, affecting approximately 22% of properties over the next 30 years, but minimal risks for wildfires and severe winds.
The lack of detailed data on market rents and home values makes it challenging to definitively classify 97207 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. However, given the FMR of $1,990, landlords can expect a decent rental income. The moderate flood risk adds a layer of instability, but it does not outweigh the positive aspects of the market.
Investors should consider these factors when deciding whether to invest in 97207. The market appears to be a balanced opportunity, offering reasonable yields with manageable risks.
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.