OR/Clackamas County/HAPPY VALLEY
HAPPY VALLEY, OR
CitySAFMR
Clackamas County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,560$1,560
1 BR$1,670$1,670
2 BR$1,910$1,910
3 BR$2,600$2,600
4 BR$3,090$3,090
5 BR$3,553
6 BR$4,087
7 BR$4,700
8 BR$5,404

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 97086
0.88ratio
FMR$1,560
Market$1,780
vs market-$220

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
1 BR
1 BR· 97086
0.93ratio
FMR$1,670
Market$1,790
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.93
2 BR
2 BR· 97086
0.83ratio
FMR$1,910
Market$2,310
vs market-$400

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.83
3 BR
3 BR· 97086
0.96ratio
FMR$2,600
Market$2,710
vs market-$110

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.96
4 BR
4 BR· 97086
0.95ratio
FMR$3,090
Market$3,260
vs market-$170

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$221,909
Rent
$1,910
Down payment
$44,382
Loan
$177,527
Mortgage
$1,122
Expenses
$588
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for HAPPY VALLEY, OR (OR) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

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