FY2027 Small Area FMR · Banks, OR

ZIP 97106 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97106 (Banks, OR) is $1,820 a month, down 1.6% from FY2026. That is 3% below the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$1,820per month ▼ 1.6%

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

Rank in the area80thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,638

2 BR Small Area FMR$1,820

110% of SAFMR$2,002

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

Studio$1,480▼ 2.0%

1 BR$1,580▼ 1.9%

2 BR$1,820▼ 1.6%

3 BR$2,470▼ 2.0%

4 BR$2,970▼ 0.7%

FY2027 FY2026

Where 97106 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97106 has the 80th 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 $1,820 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	$1,480	$1,332 – $1,628	$1,527	$1,510
1 bedroom	$1,580	$1,422 – $1,738	$1,633	$1,610
2 bedrooms	$1,820	$1,638 – $2,002	$1,878	$1,850
3 bedrooms	$2,470	$2,223 – $2,717	$2,550	$2,520
4 bedrooms	$2,970	$2,673 – $3,267	$3,069	$2,990

A household renting a two-bedroom home at the Small Area FMR of $1,820 needs about $72,800 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 97106 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
97125	Manning	3.9 mi	$1,730
97133	North Plains	5.4 mi	$2,080
97109	Buxton	5.8 mi	$1,790
97116	Forest Grove	6.3 mi	$1,730
97117	Gales Creek	8.5 mi	$1,730
97144	Timber	10.2 mi	$1,840

Questions

What is the Fair Market Rent for ZIP code 97106?

HUD's FY2027 Small Area Fair Market Rents for 97106 are $1,480 (studio), $1,580 (1 BR), $1,820 (2 BR), $2,470 (3 BR) and $2,970 (4 BR) a month.

What is the Section 8 payment standard in 97106?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97106 that range is $1,638 to $2,002 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97106?

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.