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Clackamas County/West Linn/97068

97068

ZIPSAFMR
Clackamas County, OR
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,850$1,460
1 BR$1,970$1,770
2 BR$2,270$2,150
3 BR$3,080$2,710
4 BR$3,710$3,350
5 BR$4,267Not available
6 BR$4,906Not available
7 BR$5,642Not available
8 BR$6,489Not available

Purchase Price Calculator

Maximum purchase price
$257,573

Cost breakdown

+Likely effective rent$2,150
HUD FMR$2,270
Market rentUsed$2,150
Est. payment standard (97%)$2,190
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.11
2 BR
1.06
3 BR
1.14
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97068 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97068 (West Linn, OR) is $2,270 a month. That is down 2.6% from $2,330 in FY 2026. West Linn 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, 97068 has the 3rd-highest two-bedroom rent (county range $1,700–$2,820). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97068 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97068
BedroomsFY 2027Change90–110% range
Studio$1,850−2.6%$1,665–$2,035
1BR$1,970−3.0%$1,773–$2,167
2BR$2,270−2.6%$2,043–$2,497
3BR$3,080−3.1%$2,772–$3,388
4BR$3,710−1.6%$3,339–$4,081

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97068
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,850$1,970$2,270$3,080$3,710
FY 2026$1,900$2,030$2,330$3,180$3,770
FY 2025$1,940$2,090$2,380$3,260$3,830
FY 2024$1,980$2,130$2,430$3,370$3,910
FY 2023$1,790$1,920$2,190$3,070$3,570

Two-bedroom rent in nearby Clackamas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97068
97042$1,830−19.4%
97045$1,890−16.7%
97049$2,120−6.6%
97055$1,930−15.0%
97062$1,940−14.5%
97067$1,780−21.6%
97068Current$2,270—
97070$2,090−7.9%
97071$1,750−22.9%
97080$1,790−21.1%
97086$1,900−16.3%
97089$2,820+24.2%

Questions about ZIP 97068 rents

How much will Section 8 pay for a two-bedroom in ZIP 97068?

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 $2,270 it would be $2,043 to $2,497. 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 97068 in?

ZIP 97068 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 97068 for FY 2027?

The two-bedroom FMR fell 2.6%, from $2,330 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 3.7%.

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