Oregon · FIPS 41051 · HUD FY 2027
Multnomah County, Oregon Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Multnomah County is $1,878 a month (rent plus utilities), 11% above the Oregon average of $1,691 and 7% above the U.S. average of $1,761. That is down $44 (2.3%) from FY 2026. At 30% of income, a household needs about $75,120 a year to afford it.
- $1,8782-bedroom FMR−$44 (−2.3%) vs FY 2026
- $1,6331-bedroom FMROregon: $1,397 · U.S.: $1,478
- $75,120Income for a 2-bedroom$36/hour full-time
- 3 of 362BR rank in Oregon1 = highest rent
| Unit | Multnomah County FY 2027 | FY 2026 | Change | Oregon avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,527 | $1,570 | −$43 (−2.7%) | $1,311 | $1,379 | $61,080 |
| 1 bedroom | $1,633 | $1,677 | −$44 (−2.6%) | $1,397 | $1,478 | $65,320 |
| 2 bedrooms | $1,878 | $1,922 | −$44 (−2.3%) | $1,691 | $1,761 | $75,120 |
| 3 bedrooms | $2,550 | $2,619 | −$69 (−2.6%) | $2,315 | $2,266 | $102,000 |
| 4 bedrooms | $3,069 | $3,109 | −$40 (−1.3%) | $2,749 | $2,607 | $122,760 |
How Multnomah County compares
- HUD sets this rent for the Portland-Vancouver-Hillsboro, OR-WA metro FMR area, which covers 2,520,987 residents in 7 counties.
- Across Oregon, 2-bedroom FMRs run from $1,014 (Wheeler County) to $1,893 (Deschutes County).
- Studio to 4-bedroom: $1,527, $1,633, $1,878, $2,550, $3,069. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 34 ZIP codes mostly in Multnomah County (by land area), the 2-bedroom figure ranges from $1,730 to $2,230.
Small Area FMRs by ZIP code in Multnomah County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 97019 | $1,620 | $1,730 | $1,990 | $2,700 | $3,250 | −$180 (−8.3%) | 6% above |
| 97024 | $1,420 | $1,510 | $1,730 | $2,360 | $2,830 | −$70 (−3.9%) | 8% below |
| 97030 | $1,530 | $1,630 | $1,880 | $2,550 | $3,070 | −$50 (−2.6%) | about the same as |
| 97060 | $1,440 | $1,540 | $1,770 | $2,400 | $2,890 | −$30 (−1.7%) | 6% below |
| 97080 | $1,460 | $1,560 | $1,790 | $2,430 | $2,920 | −$40 (−2.2%) | 5% below |
| 97201 | $1,720 | $1,840 | $2,120 | $2,880 | $3,460 | −$160 (−7.0%) | 13% above |
| 97202 | $1,650 | $1,770 | $2,030 | $2,760 | $3,320 | −$20 (−1.0%) | 8% above |
| 97203 | $1,460 | $1,570 | $1,800 | $2,440 | $2,940 | −$50 (−2.7%) | 4% below |
| 97204 | $1,420 | $1,510 | $1,730 | $2,360 | $2,800 | −$70 (−3.9%) | 8% below |
| 97205 | $1,420 | $1,510 | $1,730 | $2,360 | $2,800 | −$70 (−3.9%) | 8% below |
| 97206 | $1,490 | $1,590 | $1,830 | $2,480 | $2,990 | −$40 (−2.1%) | 3% below |
| 97208 | $1,770 | $1,900 | $2,180 | $2,960 | $3,560 | −$150 (−6.4%) | 16% above |
| 97209 | $1,770 | $1,900 | $2,180 | $2,960 | $3,560 | −$150 (−6.4%) | 16% above |
| 97210 | $1,460 | $1,570 | $1,800 | $2,440 | $2,940 | −$50 (−2.7%) | 4% below |
| 97211 | $1,680 | $1,800 | $2,070 | $2,810 | $3,380 | −$110 (−5.0%) | 10% above |
| 97212 | $1,640 | $1,760 | $2,020 | $2,740 | $3,300 | −$90 (−4.3%) | 8% above |
| 97213 | $1,580 | $1,690 | $1,940 | $2,630 | $3,170 | −$80 (−4.0%) | 3% above |
| 97214 | $1,770 | $1,900 | $2,180 | $2,960 | $3,560 | −$120 (−5.2%) | 16% above |
| 97215 | $1,450 | $1,550 | $1,780 | $2,420 | $2,910 | −$40 (−2.2%) | 5% below |
| 97216 | $1,420 | $1,510 | $1,730 | $2,360 | $2,800 | −$70 (−3.9%) | 8% below |
| 97217 | $1,810 | $1,940 | $2,230 | $3,030 | $3,640 | −$90 (−3.9%) | 19% above |
| 97218 | $1,440 | $1,540 | $1,770 | $2,400 | $2,890 | −$70 (−3.8%) | 6% below |
| 97219 | $1,600 | $1,710 | $1,970 | $2,670 | $3,220 | −$80 (−3.9%) | 5% above |
| 97220 | $1,420 | $1,510 | $1,730 | $2,360 | $2,810 | −$70 (−3.9%) | 8% below |
| 97221 | $1,550 | $1,660 | $1,910 | $2,590 | $3,120 | −$50 (−2.6%) | 2% above |
| 97227 | $1,490 | $1,590 | $1,830 | $2,480 | $2,990 | −$100 (−5.2%) | 3% below |
| 97230 | $1,420 | $1,520 | $1,750 | $2,380 | $2,860 | −$60 (−3.3%) | 7% below |
| 97231 | $1,590 | $1,710 | $1,960 | $2,660 | $3,200 | +$160 (+8.9%) | 4% above |
| 97232 | $1,560 | $1,670 | $1,920 | $2,610 | $3,140 | −$50 (−2.5%) | 2% above |
| 97233 | $1,420 | $1,510 | $1,730 | $2,360 | $2,800 | −$70 (−3.9%) | 8% below |
| 97236 | $1,420 | $1,510 | $1,730 | $2,360 | $2,800 | −$70 (−3.9%) | 8% below |
| 97239 | $1,760 | $1,880 | $2,160 | $2,930 | $3,530 | −$60 (−2.7%) | 15% above |
| 97258 | $1,470 | $1,570 | $1,810 | $2,460 | $2,960 | −$60 (−3.2%) | 4% below |
| 97266 | $1,440 | $1,540 | $1,770 | $2,400 | $2,890 | −$80 (−4.3%) | 6% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.