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Clackamas County/Sherwood/97140

97140

ZIPSAFMR
Clackamas County, OR
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,900$1,450
1 BR$2,030$1,630
2 BR$2,340$2,290
3 BR$3,180$2,580
4 BR$3,820$3,240
5 BR$4,393Not available
6 BR$5,052Not available
7 BR$5,810Not available
8 BR$6,681Not available

Purchase Price Calculator

Maximum purchase price
$278,377

Cost breakdown

+Likely effective rent$2,290
HUD FMR$2,340
Market rentUsed$2,290
Est. payment standard (99%)$2,310
-Principal and interest-$1,408
Loan amount$222,701
Down payment$55,675
Rate6.50%
Term30 years
-Operating costs-$682
Property taxes-$278
Insurance-$175
Utilities$0
HOA$0
Management-$229
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,583(65.7% ROI)
Projected value
$299,781
Return breakdown
Property appreciation+$21,405
Loan principal paid down+$7,979
Rental cash flow+$7,200
5-year hold
+$62,809(112.8% ROI)
Projected value
$314,958
Return breakdown
Property appreciation+$36,581
Loan principal paid down+$14,228
Rental cash flow+$12,000
10-year hold
+$135,873(244.0% ROI)
Projected value
$356,346
Return breakdown
Property appreciation+$77,969
Loan principal paid down+$33,904
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.25
2 BR
1.02
3 BR
1.23
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 97140 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97140 (Sherwood, OR) is $2,340 a month. That is down 3.3% from $2,420 in FY 2026. Sherwood 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, 97140 has the 2nd-highest two-bedroom rent (county range $1,700–$2,820). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97140 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 97140
BedroomsFY 2027Change90–110% range
Studio$1,900−4.0%$1,710–$2,090
1BR$2,030−3.8%$1,827–$2,233
2BR$2,340−3.3%$2,106–$2,574
3BR$3,180−3.6%$2,862–$3,498
4BR$3,820−2.3%$3,438–$4,202

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 97140
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$2,030$2,340$3,180$3,820
FY 2026$1,980$2,110$2,420$3,300$3,910
FY 2025$2,050$2,210$2,520$3,460$4,060
FY 2024$2,040$2,190$2,500$3,470$4,020
FY 2023$1,800$1,930$2,210$3,090$3,600

Two-bedroom rent in nearby Clackamas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 97140
97062$1,940−17.1%
97067$1,780−23.9%
97068$2,270−3.0%
97070$2,090−10.7%
97071$1,750−25.2%
97080$1,790−23.5%
97086$1,900−18.8%
97089$2,820+20.5%
97132$1,760−24.8%
97140Current$2,340—
97202$2,030−13.2%
97206$1,830−21.8%

Questions about ZIP 97140 rents

How much will Section 8 pay for a two-bedroom in ZIP 97140?

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 $2,340 it would be $2,106 to $2,574. 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 97140 in?

ZIP 97140 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 97140 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,420 in FY 2026 to $2,340 in FY 2027. Since FY 2023 it has risen 5.9%.

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