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Section 8 rent in Portland-Vancouver-Hillsboro, OR-WA

FY2025 HUD Small Area Fair Market Rents for the Portland-Vancouver-Hillsboro, OR-WA MSA, covering 164 ZIP codes.

$1,989Avg 2BR FMR / mo
$2,188Avg 2BR at 110% Standard
164ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$1,490$1,621$2,130$1,783
1 Bedroom$1,600$1,742$2,290$1,916
2 Bedrooms$1,830$1,989$2,610$2,188
3 Bedrooms$2,530$2,734$3,580$3,008
4 Bedrooms$2,930$3,199$4,200$3,519

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$3,978$47,736
Triplex3 × 2BR$5,967$71,604
Fourplex4 × 2BR$7,956$95,472
Fourplex4 × 3BR$10,936$131,232

Gross scheduled rent before vacancy, maintenance and management. Run any Oregon multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 164 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
97089 $2,290 $2,610 $3,580 $4,200
97140 $2,210 $2,520 $3,460 $4,060
97034 $2,180 $2,490 $3,420 $4,010
98642 $2,150 $2,450 $3,360 $3,950
97035 $2,120 $2,420 $3,320 $3,900
97208 $2,090 $2,390 $3,280 $3,850
97209 $2,090 $2,390 $3,280 $3,850
97211 $2,090 $2,390 $3,280 $3,850
97068 $2,090 $2,380 $3,260 $3,830
97201 $2,090 $2,380 $3,260 $3,830
97115 $2,080 $2,370 $3,250 $3,820
98629 $2,080 $2,370 $3,250 $3,820
97214 $2,070 $2,360 $3,240 $3,800
97124 $2,050 $2,340 $3,210 $3,770
97217 $2,040 $2,330 $3,200 $3,750

Quick cash flow check

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Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Portland-Vancouver-Hillsboro, OR-WA?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Portland-Vancouver-Hillsboro, OR-WA MSA is $1,989 per month, ranging from $1,830 to $2,610 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $2,188.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Portland-Vancouver-Hillsboro, OR-WA, 2-bedroom SAFMRs run from $1,830 to $2,610 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Oregon?
RealG searches live listings across Oregon, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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