FY2027 Small Area FMR · Portland, OR

ZIP 97209 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97209 (Portland, OR) is $2,180 a month, down 6.4% from FY2026. That is 16% above the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$2,180per month ▼ 6.4%

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

Rank in the area9thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,962

2 BR Small Area FMR$2,180

110% of SAFMR$2,398

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

Studio$1,770▼ 6.8%

1 BR$1,900▼ 6.4%

2 BR$2,180▼ 6.4%

3 BR$2,960▼ 6.9%

4 BR$3,560▼ 5.6%

FY2027 FY2026

Where 97209 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97209 has the 9th 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 $2,180 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	$1,770	$1,593 – $1,947	$1,527	$1,900
1 bedroom	$1,900	$1,710 – $2,090	$1,633	$2,030
2 bedrooms	$2,180	$1,962 – $2,398	$1,878	$2,330
3 bedrooms	$2,960	$2,664 – $3,256	$2,550	$3,180
4 bedrooms	$3,560	$3,204 – $3,916	$3,069	$3,770

A household renting a two-bedroom home at the Small Area FMR of $2,180 needs about $87,200 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 97209 lies mainly in Multnomah 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
97208	Portland	0.3 mi	$2,180
97258	Portland	0.6 mi	$1,810
97227	Portland	0.9 mi	$1,830
97204	Portland	1.0 mi	$1,730
97205	Portland	1.5 mi	$1,730
97201	Portland	1.6 mi	$2,120

Questions

What is the Fair Market Rent for ZIP code 97209?

HUD's FY2027 Small Area Fair Market Rents for 97209 are $1,770 (studio), $1,900 (1 BR), $2,180 (2 BR), $2,960 (3 BR) and $3,560 (4 BR) a month.

What is the Section 8 payment standard in 97209?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97209 that range is $1,962 to $2,398 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97209?

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.