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Washington County/North Plains/97133

97133

ZIPSAFMR
Washington County, OR
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,690$1,690
1 BR$1,810$1,810
2 BR$2,080$2,080
3 BR$2,820$2,820
4 BR$3,400$3,400
5 BR$3,910Not available
6 BR$4,496Not available
7 BR$5,171Not available
8 BR$5,947Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMRUsed$2,080
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
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
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Tax rate
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Mortgage rate
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ZIP 97133 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97133 (North Plains, OR) is $2,080 a month. That is down 8.8% from $2,280 in FY 2026. North Plains 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, 97133 has the 8th-highest two-bedroom rent (county range $1,730–$2,340). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97133 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97133
BedroomsFY 2027Change90–110% range
Studio$1,690−9.1%$1,521–$1,859
1BR$1,810−9.0%$1,629–$1,991
2BR$2,080−8.8%$1,872–$2,288
3BR$2,820−9.3%$2,538–$3,102
4BR$3,400−7.9%$3,060–$3,740

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97133
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,690$1,810$2,080$2,820$3,400
FY 2026$1,860$1,990$2,280$3,110$3,690
FY 2025$1,830$1,960$2,240$3,070$3,610
FY 2024$1,660$1,790$2,040$2,830$3,280
FY 2023$1,290$1,380$1,580$2,210$2,620

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97133
97113$1,730−16.8%
97116$1,730−16.8%
97117$1,730−16.8%
97119$1,730−16.8%
97123$1,980−4.8%
97124$2,180+4.8%
97125$1,730−16.8%
97129$1,990−4.3%
97132$1,760−15.4%
97133Current$2,080—
97140$2,340+12.5%
97144$1,840−11.5%

Questions about ZIP 97133 rents

How much will Section 8 pay for a two-bedroom in ZIP 97133?

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 $2,080 it would be $1,872 to $2,288. 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 97133 in?

ZIP 97133 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 97133 for FY 2027?

The two-bedroom FMR fell 8.8%, from $2,280 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 31.6%.

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