FY2027 Small Area FMR · Beaverton, OR

ZIP 97003 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97003 (Beaverton, OR) is $2,130 a month, down 1.8% from FY2026. That is 13% above the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$2,130per month ▼ 1.8%

Area-wide 2 BR FMR$1,878Portland-Vancouver-Hillsboro

Rank in the area16thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,917

2 BR Small Area FMR$2,130

110% of SAFMR$2,343

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,730▼ 2.3%

1 BR$1,850▼ 2.1%

2 BR$2,130▼ 1.8%

3 BR$2,890▼ 2.4%

4 BR$3,480▼ 0.9%

FY2027 FY2026

Where 97003 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97003 has the 16th highest two-bedroom Small Area FMR. Portland-Vancouver-Hillsboro, OR-WA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,878 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,130 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,730	$1,557 – $1,903	$1,527	$1,770
1 bedroom	$1,850	$1,665 – $2,035	$1,633	$1,890
2 bedrooms	$2,130	$1,917 – $2,343	$1,878	$2,170
3 bedrooms	$2,890	$2,601 – $3,179	$2,550	$2,960
4 bedrooms	$3,480	$3,132 – $3,828	$3,069	$3,510

A household renting a two-bedroom home at the Small Area FMR of $2,130 needs about $85,200 a year to keep housing costs at 30% of income. The area median family income is $128,300 and the 80% low-income limit for four people is $102,650. ZIP code 97003 lies mainly in Washington County. See the Portland-Vancouver-Hillsboro, OR-WA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
97006	Beaverton	0.2 mi	$2,140
97229	Portland	3.3 mi	$2,100
97005	Beaverton	3.4 mi	$1,860
97225	Portland	4.5 mi	$1,910
97007	Beaverton	4.6 mi	$2,010
97008	Beaverton	5.0 mi	$1,830

Questions

What is the Fair Market Rent for ZIP code 97003?

HUD's FY2027 Small Area Fair Market Rents for 97003 are $1,730 (studio), $1,850 (1 BR), $2,130 (2 BR), $2,890 (3 BR) and $3,480 (4 BR) a month.

What is the Section 8 payment standard in 97003?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97003 that range is $1,917 to $2,343 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97003?

The FY2026 income limits of the Portland-Vancouver-Hillsboro, OR-WA area apply: median family income $128,300, low-income (80%) limit $102,650 for a family of four.