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Housing market/Oregon/ZIP 97003

ACS 2023 · FY2027 SAFMR

ZIP 97003 Portland-Vancouver-Hillsboro, Oregon

Portland-Vancouver-Hillsboro, OR-WA MSA · Oregon. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
27,791
Households
10,564
Median HH income
$96,962
Renter share
43.7%
Median gross rent
$1,925
Vacancy
6.2%
Pop. change
—
2BR SAFMR
$2,130
SAFMR / rent
1.106×
2–49 unit stock
2,896
LIHTC proj / units
4 / 326
HUD assisted MF
1 / 8

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 97003 · OR — sent to you.

ZIP 97003 · OR

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ACS rent vs 2BR SAFMR

ZIP 97003 — Portland-Vancouver-Hillsboro, OR-WA, OR HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,925
2BR SAFMR$2,130
90% floor$1,917
110% ceiling$2,343

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 97003

  • 1-unit detached6,20755.2%
  • 1-unit attached1,59014.1%
  • 2–4 units9808.7%
  • 5–49 units1,91617.0%
  • 50+ units4343.9%
  • Mobile1251.1%
TypeUnitsShare
1-unit detached6,20755.1%
1-unit attached1,59014.1%
2 units (duplex)540.5%
3–4 units9268.2%
5–9 units5204.6%
10–19 units8547.6%
20–49 units5424.8%
50+ units4343.9%
Mobile1251.1%

2–4 unit share 8.7% · 5–49 unit share 17.0% · combined 2–49 25.7%.

Units by bedrooms

Studio
141
1BR
855
2BR
2,834
3BR
5,516
4BR
1,601
5+
311

Rent burden

Rent ≥30% of income43.8%
Rent ≥50% of income17.9%
  • ACS median gross rent $1,925 (all bedrooms, occupied rentals).
  • Median contract rent $1,710.
  • Renters paying ≥30% of income 43.8%; ≥50% 17.9%.
  • FY2027 2BR SAFMR $2,130 (1.106× ACS median gross rent).

Population

27,791 residents · ACS 2023

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 326 units.
  • HUD project-based assisted MF: 1 properties, 8 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 97003 43.7% of occupied households are renters; vacancy is 6.2%; ACS median gross rent is $1,925; the housing stock includes 980 units in 2–4-unit structures and 1,916 units in 5–49-unit structures; 4 LIHTC projects totaling 326 units; FY2027 2BR SAFMR is $2,130 versus ACS median gross rent of $1,925. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Oregon research

ZIP 97003 is a Census / HUD profile for Portland-Vancouver-Hillsboro, OR-WA, OR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 97003 — Portland-Vancouver-Hillsboro, OR-WA, OR HUD Section 8 Payment Standards / SAFMR·Oregon ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
97004Portland-Vancouver-Hillsboro, OR-WA MSA7.0%$1,482$1,79097005Portland-Vancouver-Hillsboro, OR-WA MSA60.5%$1,551$1,86097006Portland-Vancouver-Hillsboro, OR-WA MSA54.4%$1,844$2,14097007Portland-Vancouver-Hillsboro, OR-WA MSA25.2%$1,792$2,01097008Portland-Vancouver-Hillsboro, OR-WA MSA45.8%$1,664$1,83097009Portland-Vancouver-Hillsboro, OR-WA MSA11.9%$1,209$1,92097010Portland-Vancouver-Hillsboro, OR-WA MSA——$1,81097011Portland-Vancouver-Hillsboro, OR-WA MSA5.1%—$1,96097013Portland-Vancouver-Hillsboro, OR-WA MSA28.0%$1,439$1,73097015Portland-Vancouver-Hillsboro, OR-WA MSA37.2%$1,778$1,98097017Portland-Vancouver-Hillsboro, OR-WA MSA7.9%—$1,73097018Portland-Vancouver-Hillsboro, OR-WA MSA10.0%$1,467$1,730

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Oregon research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 97003?

ZIP 97003 (Portland-Vancouver-Hillsboro, OR-WA MSA) has 27,791 residents, 10,564 households, a renter share of 43.7%, median household income of $96,962, and ACS 2023 median gross rent of $1,925. Vacancy is 6.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 97003?

ACS counts 54 units in 2-unit buildings, 926 in 3–4 unit buildings, 520 in 5–9, 854 in 10–19, and 542 in 20–49. Combined 2–49 unit stock is 2,896 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 97003?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,130. See the full schedule and 90–110% payment-standard band on the ZIP 97003 — Portland-Vancouver-Hillsboro, OR-WA, OR HUD Section 8 Payment Standards / SAFMR.

Does this Oregon ZIP profile include Georgia listings?

No. ZIP 97003 is Census / HUD research for Portland-Vancouver-Hillsboro, OR-WA MSA. Jeff Crowe CRE does not list Oregon property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.