Section 8 Fair Market Rent (FMR) for ZIP 97253 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 97253, located in Portland-Vancouver-Hillsboro County, Oregon, stands out due to its unique data signature. While specific figures such as resident count, percentage of renters, median income, and median home value are not available, the area's Fair Market Rent (FMR) for a one-bedroom apartment is set at $1990 for fiscal year 2024. This FMR figure serves as a benchmark for housing affordability and rental rates under the Section 8 program.

In the context of voucher economics, landlords and small-portfolio investors should focus on the $1990 FMR as it directly impacts the amount that can be expected from Section 8 tenants. Despite the lack of precise market rent data for the ZIP code, this FMR provides a clear guideline for setting rental prices that align with federal assistance levels. The FMR is determined by HUD to ensure that rental costs are reasonable and affordable for low-income families participating in the Section 8 Housing Choice Voucher program.

The absence of detailed local economic indicators suggests that the ZIP code 97253 may be considered transitional rather than stable. In areas where comprehensive data is lacking, it often indicates recent changes or developments that have yet to be fully captured by statistical surveys. Landlords and investors should keep an eye on emerging trends and consider the broader regional context when making decisions about property investments in this ZIP code. The FMR, being a federal standard, remains a reliable metric even in transitional markets.

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.