FY2027 Small Area FMR · Portland, OR

ZIP 97239 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97239 (Portland, OR) is $2,160 a month, down 2.7% from FY2026. That is 15% above the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$2,160per month ▼ 2.7%

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

Rank in the area14thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,944

2 BR Small Area FMR$2,160

110% of SAFMR$2,376

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

Studio$1,760▼ 2.8%

1 BR$1,880▼ 3.1%

2 BR$2,160▼ 2.7%

3 BR$2,930▼ 3.3%

4 BR$3,530▼ 1.7%

FY2027 FY2026

Where 97239 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97239 has the 14th 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 $2,160 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	$1,760	$1,584 – $1,936	$1,527	$1,810
1 bedroom	$1,880	$1,692 – $2,068	$1,633	$1,940
2 bedrooms	$2,160	$1,944 – $2,376	$1,878	$2,220
3 bedrooms	$2,930	$2,637 – $3,223	$2,550	$3,030
4 bedrooms	$3,530	$3,177 – $3,883	$3,069	$3,590

A household renting a two-bedroom home at the Small Area FMR of $2,160 needs about $86,400 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 97239 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
97201	Portland	1.2 mi	$2,120
97221	Portland	1.9 mi	$1,910
97204	Portland	2.1 mi	$1,730
97202	Portland	2.3 mi	$2,030
97205	Portland	2.3 mi	$1,730
97258	Portland	2.4 mi	$1,810

Questions

What is the Fair Market Rent for ZIP code 97239?

HUD's FY2027 Small Area Fair Market Rents for 97239 are $1,760 (studio), $1,880 (1 BR), $2,160 (2 BR), $2,930 (3 BR) and $3,530 (4 BR) a month.

What is the Section 8 payment standard in 97239?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97239 that range is $1,944 to $2,376 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97239?

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.