Section 8 Fair Market Rent (FMR) for ZIP 97208 - 2027

Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,770
1 Bedroom$1,900
2 Bedrooms$2,180
3 Bedrooms$2,960
4 Bedrooms$3,560
5 Bedrooms$4,130
6 Bedrooms$4,626
7 Bedrooms$4,996
8 Bedrooms$5,246
The data provided for ZIP 97208 in Portland, OR, lacks specific figures for population, percentage of renters, median income, and median home value. However, based on the available information, we can still construct a relevant analysis focusing on the Section 8 program and its implications for landlords and small-portfolio investors.

The ZIP code 97208 is classified as a PO Box area, which means it primarily serves mail delivery purposes rather than residential or commercial addresses. This classification can impact the type of properties that might be eligible for Section 8 vouchers.

For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 97208 is set at $2,480. This figure is crucial for landlords who wish to participate in the Section 8 program, as it dictates the maximum rent they can charge for a voucher-eligible unit. Despite the lack of precise market rent data, the FMR provides a benchmark for assessing rental property viability.

The decision to invest in ZIP 97208 as a Section 8 landlord depends largely on the investor's strategy. A hands-off voucher operator might find the area suitable if they prioritize steady, government-backed rental income over active property management. Conversely, a hands-on value-add buyer would likely require more detailed local market data to evaluate potential improvements and returns.

Given the limited data, it is advisable for investors to conduct further research on local rental trends, property conditions, and tenant demand before making investment decisions in ZIP 97208.

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.