Location: Portland-Vancouver-Hillsboro, OR | Metro: Portland-Vancouver-Hillsboro, OR-WA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,770 | $663,081 | 0.27% | F |
| 3BR | $2,400 | $769,962 | 0.31% | F |
| 4BR | $2,890 | $917,746 | 0.31% | F |
| 5BR | $3,352 | $1,067,882 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 98606, Brush Prairie, WA, presents a dynamic rental market that is currently experiencing fluctuations. The Fair Market Rent (FMR) for the area, set at $1880 for fiscal year 2024, is notably higher than the reported market rent of $1,502 based on Census American Community Survey (ACS) data. This discrepancy suggests that the rental market is under some pressure, with potential demand exceeding supply, as landlords adjust their rents closer to the FMR to reflect the cost of living.
A key indicator of market conditions is the price-cut share, which stands at a mere 0.2%. This low percentage implies that few properties are being discounted, indicating a relatively stable or tight market where landlords have little need to reduce prices to attract tenants. However, the absence of days-on-market (DOM) data leaves an incomplete picture, as it would provide insight into how quickly units are being rented, further clarifying the balance between supply and demand.
The median home value in Brush Prairie is $838,710, reflecting a robust housing market. While this figure alone doesn't directly indicate whether supply is outpacing demand or vice versa, it does suggest that homeownership is a significant factor in the local economy, potentially driving up property values and influencing rental rates.
With a renter share of 11.0%, Brush Prairie has a predominantly owner-occupied housing stock. This low percentage of renters could imply that the area is attractive to families and individuals looking to buy homes rather than rent, reducing long-term housing pressure. However, the presence of any renters signals that there is still a segment of the population finding the cost of homeownership prohibitive, or preferring the flexibility of renting.
In summary, the current snapshot of Brush Prairie's real estate market indicates a rental sector under some pressure, likely due to demand exceeding supply, while the homeownership sector remains strong. The low renter share suggests that long-term housing pressure may be mitigated by a preference for owning over renting, though this does not preclude the existence of a niche rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.