FY2027 Small Area FMR · Gladstone, OR

ZIP 97027 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97027 (Gladstone, OR) is $1,910 a month, down 3.5% from FY2026. That is 2% above the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$1,910per month ▼ 3.5%

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

Rank in the area53rdof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,719

2 BR Small Area FMR$1,910

110% of SAFMR$2,101

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

Studio$1,550▼ 4.3%

1 BR$1,660▼ 4.0%

2 BR$1,910▼ 3.5%

3 BR$2,590▼ 4.1%

4 BR$3,120▼ 2.5%

FY2027 FY2026

Where 97027 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97027 has the 53rd 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 $1,910 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	$1,550	$1,395 – $1,705	$1,527	$1,620
1 bedroom	$1,660	$1,494 – $1,826	$1,633	$1,730
2 bedrooms	$1,910	$1,719 – $2,101	$1,878	$1,980
3 bedrooms	$2,590	$2,331 – $2,849	$2,550	$2,700
4 bedrooms	$3,120	$2,808 – $3,432	$3,069	$3,200

A household renting a two-bedroom home at the Small Area FMR of $1,910 needs about $76,400 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 97027 lies mainly in Clackamas 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
97267	Portland	1.8 mi	$1,760
97015	Clackamas	3.3 mi	$1,980
97222	Portland	4.0 mi	$1,790
97068	West Linn	4.4 mi	$2,270
97034	Lake Oswego	4.7 mi	$2,250
97086	Happy Valley	5.2 mi	$1,900

Questions

What is the Fair Market Rent for ZIP code 97027?

HUD's FY2027 Small Area Fair Market Rents for 97027 are $1,550 (studio), $1,660 (1 BR), $1,910 (2 BR), $2,590 (3 BR) and $3,120 (4 BR) a month.

What is the Section 8 payment standard in 97027?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97027 that range is $1,719 to $2,101 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97027?

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.