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 analysis of ZIP 97238 in Portland, Oregon, reveals a mixed profile when considering both yield and stability. The Fair Market Rent (FMR) for FY 2024 is reported at $1,990, which provides a baseline for rental income expectations in the area. However, the lack of specific market data and home value figures limits a comprehensive assessment of potential investment returns.
Regarding stability, the absence of precise percentages for renters, days on market (DOM), and median income makes it challenging to provide a definitive classification. Nonetheless, the high FMR suggests a robust rental market, which could indicate a relatively stable demand for housing. This implies that investors might benefit from steady cash flow rather than speculative gains.
To categorize ZIP 97238, we must rely on the available FMR data and infer stability from broader market trends. Given the $1,990 FMR, this area leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The rental market appears strong enough to support consistent income, making it suitable for landlords and small-portfolio investors seeking reliable returns.
However, without additional data on market values, rental vacancy rates, and local economic conditions, a more nuanced analysis is difficult. Investors should consider supplementing this information with local real estate reports and engaging with experienced agents to understand the full picture of the market dynamics in ZIP 97238.
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.