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 Section 8 housing market in ZIP code 97258, located in the Portland-Vancouver-Hillsboro, OR-WA MSA, presents a unique opportunity for real estate investors. The HUD Fair Market Rent (FMR) for the area, set at $1,870 for fiscal year 2026, serves as a benchmark for rental income under the voucher program. However, without specific market rent data, it's challenging to make a direct comparison; nevertheless, we can infer that voucher tenants will likely cashflow at FMR levels, given the typical disparity between subsidized rents and market rates in this region.
To further analyze the investment potential, consider the median home value in the area, which is currently unavailable. Despite this, understanding the rent-to-price ratio can provide insights into the relative affordability of renting versus buying. In the absence of precise market rent figures, assume that the median home value remains stable or increases slightly over time. This would suggest that rental properties could maintain or even improve their cash flow positions as property values rise, making them a sound investment.
The days on market (DOM) and price cut percentages are also critical metrics for assessing the local real estate market. Although these figures are not available, they typically influence the rent-versus-buy decision. A lower DOM and minimal price cuts indicate a robust seller's market, where rental properties are particularly attractive due to the difficulty in purchasing homes. Conversely, higher DOM and frequent price reductions might signal a buyer's market, potentially affecting the demand for rental properties.
The strongest investor angle in ZIP 97258 is cashflow. Given the HUD FMR and assuming market rents are above this figure, properties can generate positive cash flow for owners, especially when considering the long-term stability of voucher tenants. This makes the area an ideal location for landlords and small-portfolio investors looking to secure consistent rental income.
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.