FY2027 Small Area FMR · Portland, OR

ZIP 97267 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 97267 (Portland, OR) is $1,760 a month, down 2.2% from FY2026. That is 6% below the Portland-Vancouver-Hillsboro, OR-WA area-wide FMR of $1,878.

2-bedroom SAFMR$1,760per month ▼ 2.2%

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

Rank in the area119thof 165 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,584

2 BR Small Area FMR$1,760

110% of SAFMR$1,936

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

Studio$1,430▼ 2.7%

1 BR$1,530▼ 3.2%

2 BR$1,760▼ 2.2%

3 BR$2,390▼ 3.2%

4 BR$2,880▼ 0.7%

FY2027 FY2026

Where 97267 sits in the Portland-Vancouver-Hillsboro, OR-WA area

Of the 165 ZIP codes HUD lists for the area, 97267 has the 119th 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 $1,760 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	$1,430	$1,287 – $1,573	$1,527	$1,470
1 bedroom	$1,530	$1,377 – $1,683	$1,633	$1,580
2 bedrooms	$1,760	$1,584 – $1,936	$1,878	$1,800
3 bedrooms	$2,390	$2,151 – $2,629	$2,550	$2,470
4 bedrooms	$2,880	$2,592 – $3,168	$3,069	$2,900

A household renting a two-bedroom home at the Small Area FMR of $1,760 needs about $70,400 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 97267 lies mainly in Clackamas 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
97027	Gladstone	1.8 mi	$1,910
97222	Portland	2.3 mi	$1,790
97034	Lake Oswego	3.4 mi	$2,250
97015	Clackamas	3.7 mi	$1,980
97068	West Linn	4.8 mi	$2,270
97086	Happy Valley	4.8 mi	$1,900

Questions

What is the Fair Market Rent for ZIP code 97267?

HUD's FY2027 Small Area Fair Market Rents for 97267 are $1,430 (studio), $1,530 (1 BR), $1,760 (2 BR), $2,390 (3 BR) and $2,880 (4 BR) a month.

What is the Section 8 payment standard in 97267?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 97267 that range is $1,584 to $1,936 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 97267?

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.