FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.79ratio
FMR$1,570
Market$2,000
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR
0.62ratio
FMR$1,810
Market$2,940
vs market-$1,130
FMR is below market; voucher rent may lag private rents.
0.62
3 BR
3 BR
0.69ratio
FMR$2,460
Market$3,560
vs market-$1,100
FMR is below market; voucher rent may lag private rents.
0.69
4 BR
4 BR
0.94ratio
FMR$2,960
Market$3,150
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.94
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 97258 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 97258 (Multnomah County, OR) is $1,810 a month. That is down 3.2% from $1,870 in FY 2026. Multnomah County 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 65 ZIP codes in Multnomah County, 97258 is tied for the 29th-highest two-bedroom rent (county range $1,730–$2,250). The median county two-bedroom FMR in Oregon is $1,325, so ZIP 97258 is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 97258
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,530
$1,470
−3.9%
$1,323–$1,617
1BR
$1,630
$1,570
−3.7%
$1,413–$1,727
2BR
$1,870
$1,810
−3.2%
$1,629–$1,991
3BR
$2,550
$2,460
−3.5%
$2,214–$2,706
4BR
$3,020
$2,960
−2.0%
$2,664–$3,256
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 97258
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,470
$1,570
$1,810
$2,460
$2,960
FY 2026
$1,530
$1,630
$1,870
$2,550
$3,020
FY 2025area FMR
$1,628
$1,750
$1,997
$2,739
$3,217
FY 2024area FMR
$1,650
$1,776
$2,024
$2,809
$3,254
FY 2023area FMR
$1,500
$1,610
$1,839
$2,574
$2,995
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Multnomah County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 97258?
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 $1,810 it would be $1,629 to $1,991. 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 97258 in?
ZIP 97258 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 97258 for FY 2027?
The two-bedroom FMR fell 3.2%, from $1,870 in FY 2026 to $1,810 in FY 2027.
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