Skip to main content
Loading page
Clackamas County/Clackamas/97015

97015

ZIPSAFMR
Clackamas County, OR
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,610$1,540
1 BR$1,720$1,810
2 BR$1,980$2,170
3 BR$2,690$2,700
4 BR$3,240$3,180
5 BR$3,726Not available
6 BR$4,285Not available
7 BR$4,928Not available
8 BR$5,667Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$1,980
Market rent$2,270
Est. payment standard (110%)Used$2,170
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.05
1 BR
0.92
2 BR
0.87
3 BR
1.00
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97015 (Clackamas, OR) is $1,980 a month. That is down 2.5% from $2,030 in FY 2026. Clackamas 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 41 ZIP codes in Clackamas County, 97015 has the 11th-highest two-bedroom rent (county range $1,700–$2,820). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97015 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97015
BedroomsFY 2027Change90–110% range
Studio$1,610−3.0%$1,449–$1,771
1BR$1,720−2.8%$1,548–$1,892
2BR$1,980−2.5%$1,782–$2,178
3BR$2,690−2.9%$2,421–$2,959
4BR$3,240−1.2%$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,610$1,720$1,980$2,690$3,240
FY 2026$1,660$1,770$2,030$2,770$3,280
FY 2025$1,710$1,840$2,100$2,880$3,380
FY 2024$1,740$1,870$2,130$2,960$3,420
FY 2023$1,550$1,660$1,900$2,660$3,090

Two-bedroom rent in nearby Clackamas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97015
97002$1,910−3.5%
97004$1,790−9.6%
97009$1,920−3.0%
97011$1,960−1.0%
97013$1,730−12.6%
97015Current$1,980—
97017$1,730−12.6%
97019$1,990+0.5%
97022$1,730−12.6%
97023$1,730−12.6%
97027$1,910−3.5%
97028$2,010+1.5%

Questions about ZIP 97015 rents

How much will Section 8 pay for a two-bedroom in ZIP 97015?

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 $1,980 it would be $1,782 to $2,178. 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 97015 in?

ZIP 97015 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 97015 for FY 2027?

The two-bedroom FMR fell 2.5%, from $2,030 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 4.2%.

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