FY2027 Small Area FMR · Portland, OR

ZIP 97222 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97222 (Portland, OR) is $1,790 a month, down 4.3% from FY2026. That is 5% below the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$1,790per month ▼ 4.3%

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

Rank in the area106thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,611

2 BR Small Area FMR$1,790

110% of SAFMR$1,969

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

Studio$1,460▼ 4.6%

1 BR$1,560▼ 4.3%

2 BR$1,790▼ 4.3%

3 BR$2,430▼ 4.7%

4 BR$2,920▼ 3.3%

FY2027 FY2026

Where 97222 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97222 has the 106th 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 $1,790 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	$1,460	$1,314 – $1,606	$1,527	$1,530
1 bedroom	$1,560	$1,404 – $1,716	$1,633	$1,630
2 bedrooms	$1,790	$1,611 – $1,969	$1,878	$1,870
3 bedrooms	$2,430	$2,187 – $2,673	$2,550	$2,550
4 bedrooms	$2,920	$2,628 – $3,212	$3,069	$3,020

A household renting a two-bedroom home at the Small Area FMR of $1,790 needs about $71,600 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 97222 lies mainly in Clackamas County and 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
97267	Portland	2.3 mi	$1,760
97206	Portland	3.0 mi	$1,830
97202	Portland	3.1 mi	$2,030
97034	Lake Oswego	3.8 mi	$2,250
97219	Portland	4.0 mi	$1,970
97027	Gladstone	4.0 mi	$1,910

Questions

What is the Fair Market Rent for ZIP code 97222?

HUD's FY2027 Small Area Fair Market Rents for 97222 are $1,460 (studio), $1,560 (1 BR), $1,790 (2 BR), $2,430 (3 BR) and $2,920 (4 BR) a month.

What is the Section 8 payment standard in 97222?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97222 that range is $1,611 to $1,969 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97222?

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.