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Clackamas County/Rhododendron/97049

97049

ZIPSAFMR
Clackamas County, OR
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,720$1,720
1 BR$1,840$1,840
2 BR$2,120$2,120
3 BR$2,880$2,880
4 BR$3,460$3,460
5 BR$3,979Not available
6 BR$4,576Not available
7 BR$5,262Not available
8 BR$6,052Not available

Purchase Price Calculator

Maximum purchase price
$253,115

Cost breakdown

+Likely effective rent$2,120
HUD FMRUsed$2,120
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,280
Loan amount$202,492
Down payment$50,623
Rate6.50%
Term30 years
-Operating costs-$640
Property taxes-$253
Insurance-$175
Utilities$0
HOA$0
Management-$212
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,917(67.0% ROI)
Projected value
$272,577
Return breakdown
Property appreciation+$19,462
Loan principal paid down+$7,255
Rental cash flow+$7,200
5-year hold
+$58,199(115.0% ROI)
Projected value
$286,376
Return breakdown
Property appreciation+$33,261
Loan principal paid down+$12,937
Rental cash flow+$12,000
10-year hold
+$125,721(248.3% ROI)
Projected value
$324,008
Return breakdown
Property appreciation+$70,893
Loan principal paid down+$30,827
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 97049 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97049 (Rhododendron, OR) is $2,120 a month. That is up 7.6% from $1,970 in FY 2026. Rhododendron 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, 97049 has the 6th-highest two-bedroom rent (county range $1,700–$2,820). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97049 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97049
BedroomsFY 2027Change90–110% range
Studio$1,720+6.8%$1,548–$1,892
1BR$1,840+7.0%$1,656–$2,024
2BR$2,120+7.6%$1,908–$2,332
3BR$2,880+7.5%$2,592–$3,168
4BR$3,460+8.5%$3,114–$3,806

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97049
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,720$1,840$2,120$2,880$3,460
FY 2026$1,610$1,720$1,970$2,680$3,190
FY 2025$1,500$1,610$1,840$2,530$2,960
FY 2024$1,520$1,630$1,860$2,580$2,990
FY 2023$1,330$1,430$1,630$2,280$2,650

Two-bedroom rent in nearby Clackamas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97049
97032$1,790−15.6%
97034$2,250+6.1%
97035$2,170+2.4%
97036$1,910−9.9%
97038$1,750−17.5%
97041$1,700−19.8%
97042$1,830−13.7%
97045$1,890−10.8%
97049Current$2,120—
97055$1,930−9.0%
97062$1,940−8.5%
97067$1,780−16.0%

Questions about ZIP 97049 rents

How much will Section 8 pay for a two-bedroom in ZIP 97049?

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 $2,120 it would be $1,908 to $2,332. 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 97049 in?

ZIP 97049 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 97049 for FY 2027?

The two-bedroom FMR rose 7.6%, from $1,970 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 30.1%.

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