Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $1,910 |
| 3 Bedrooms | $2,590 |
| 4 Bedrooms | $3,120 |
| 5 Bedrooms | $3,619 |
| 6 Bedrooms | $4,053 |
| 7 Bedrooms | $4,377 |
| 8 Bedrooms | $4,596 |
The classification of ZIP code 97268 in Unknown, OR, hinges significantly on the available data points. The Fair Market Rent (FMR) for ZIP 97268 as of the fiscal year 2024 is $2040. This figure represents the benchmark rental price set by HUD for determining eligibility and payment standards under the Section 8 Housing Choice Voucher program.
However, the lack of specific market rent and home value data for ZIP 97268 complicates a precise analysis. Without these figures, it's challenging to determine whether the area offers higher yields compared to typical market rents or if the home values suggest a potential for profitable flipping. For instance, if the market rent were significantly lower than the FMR, it could indicate an opportunity for higher-than-average returns on rental investments. Conversely, if home values are low but expected to rise, this might suggest a good area for flipping properties.
Regarding stability, the absence of data on the percentage of renters, average days on market (DOM), and median household income makes it difficult to assess the long-term viability and consistency of cash flow in this area. These metrics would typically help gauge the reliability of tenants paying rent and the overall economic health of the neighborhood, which are critical factors for landlords and small-portfolio investors.
In conclusion, based solely on the FMR of $2040, ZIP 97268 appears to be a potentially attractive location for rental investments under the Section 8 program. However, without additional market-specific data, it cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. Further research into local market conditions is recommended to make a fully informed investment decision.
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.