FY2027 Small Area FMR · Portland, OR

ZIP 97212 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97212 (Portland, OR) is $2,020 a month, down 4.3% from FY2026. That is 8% above the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$2,020per month ▼ 4.3%

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

Rank in the area28thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,818

2 BR Small Area FMR$2,020

110% of SAFMR$2,222

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

Studio$1,640▼ 4.7%

1 BR$1,760▼ 4.3%

2 BR$2,020▼ 4.3%

3 BR$2,740▼ 4.9%

4 BR$3,300▼ 3.2%

FY2027 FY2026

Where 97212 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97212 has the 28th 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 $2,020 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	$1,640	$1,476 – $1,804	$1,527	$1,720
1 bedroom	$1,760	$1,584 – $1,936	$1,633	$1,840
2 bedrooms	$2,020	$1,818 – $2,222	$1,878	$2,110
3 bedrooms	$2,740	$2,466 – $3,014	$2,550	$2,880
4 bedrooms	$3,300	$2,970 – $3,630	$3,069	$3,410

A household renting a two-bedroom home at the Small Area FMR of $2,020 needs about $80,800 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 97212 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
97232	Portland	1.1 mi	$1,920
97227	Portland	1.7 mi	$1,830
97208	Portland	2.0 mi	$2,180
97214	Portland	2.0 mi	$2,180
97258	Portland	2.1 mi	$1,810
97213	Portland	2.1 mi	$1,940

Questions

What is the Fair Market Rent for ZIP code 97212?

HUD's FY2027 Small Area Fair Market Rents for 97212 are $1,640 (studio), $1,760 (1 BR), $2,020 (2 BR), $2,740 (3 BR) and $3,300 (4 BR) a month.

What is the Section 8 payment standard in 97212?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97212 that range is $1,818 to $2,222 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97212?

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.