FY2027 Small Area FMR · Molalla, OR

ZIP 97038 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97038 (Molalla, OR) is $1,750 a month, down 2.8% from FY2026. That is 7% below the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$1,750per month ▼ 2.8%

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

Rank in the area122ndof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,575

2 BR Small Area FMR$1,750

110% of SAFMR$1,925

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

Studio$1,420▼ 3.4%

1 BR$1,520▼ 3.8%

2 BR$1,750▼ 2.8%

3 BR$2,380▼ 3.6%

4 BR$2,860▼ 1.4%

FY2027 FY2026

Where 97038 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97038 has the 122nd 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 $1,750 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	$1,420	$1,278 – $1,562	$1,527	$1,470
1 bedroom	$1,520	$1,368 – $1,672	$1,633	$1,580
2 bedrooms	$1,750	$1,575 – $1,925	$1,878	$1,800
3 bedrooms	$2,380	$2,142 – $2,618	$2,550	$2,470
4 bedrooms	$2,860	$2,574 – $3,146	$3,069	$2,900

A household renting a two-bedroom home at the Small Area FMR of $1,750 needs about $70,000 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 97038 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
97042	Mulino	7.8 mi	$1,830
97375	Scotts Mills	8.4 mi	$1,830
97017	Colton	10.0 mi	$1,730
97013	Canby	10.2 mi	$1,730
97362	Mount Angel	10.6 mi	$1,730
97373	Saint Benedict	10.7 mi	$1,480

Questions

What is the Fair Market Rent for ZIP code 97038?

HUD's FY2027 Small Area Fair Market Rents for 97038 are $1,420 (studio), $1,520 (1 BR), $1,750 (2 BR), $2,380 (3 BR) and $2,860 (4 BR) a month.

What is the Section 8 payment standard in 97038?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97038 that range is $1,575 to $1,925 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97038?

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.