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Washington County/Beaverton/97003

97003

ZIPSAFMR
Washington County, OR
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,730$1,440
1 BR$1,850$1,530
2 BR$2,130$1,950
3 BR$2,890$2,430
4 BR$3,480$2,820
5 BR$4,002Not available
6 BR$4,602Not available
7 BR$5,293Not available
8 BR$6,087Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$2,130
Market rentUsed$1,950
Est. payment standard (95%)$2,010
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.21
2 BR
1.09
3 BR
1.19
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97003 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97003 (Beaverton, OR) is $2,130 a month. That is down 1.8% from $2,170 in FY 2026. Beaverton is in the Portland-Vancouver-Hillsboro, OR-WA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,878. Among 36 ZIP codes in Washington County, 97003 has the 5th-highest two-bedroom rent (county range $1,730–$2,340). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97003 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97003
BedroomsFY 2027Change90–110% range
Studio$1,730−2.3%$1,557–$1,903
1BR$1,850−2.1%$1,665–$2,035
2BR$2,130−1.8%$1,917–$2,343
3BR$2,890−2.4%$2,601–$3,179
4BR$3,480−0.9%$3,132–$3,828

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97003
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,730$1,850$2,130$2,890$3,480
FY 2026$1,770$1,890$2,170$2,960$3,510
FY 2025$1,790$1,920$2,190$3,000$3,530
FY 2024$1,750$1,890$2,150$2,980$3,460
FY 2023$1,580$1,700$1,940$2,720$3,160

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97003
97003Current$2,130—
97005$1,860−12.7%
97006$2,140+0.5%
97007$2,010−5.6%
97008$1,830−14.1%
97035$2,170+1.9%
97056$1,870−12.2%
97062$1,940−8.9%
97064$1,730−18.8%
97070$2,090−1.9%
97075$1,990−6.6%
97078$2,070−2.8%

Questions about ZIP 97003 rents

How much will Section 8 pay for a two-bedroom in ZIP 97003?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,878, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,690 to $2,066 a month; under the ZIP-level Small Area FMR of $2,130 it would be $1,917 to $2,343. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 97003 in?

ZIP 97003 is in the Portland-Vancouver-Hillsboro, OR-WA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,878.

How much did fair market rent change in ZIP 97003 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,170 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 9.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBeaverton, OR fair market rentOR statewide rentsWhat is SAFMR?Data sources