The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Boring, OR 97089's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 97089 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,809 to a high of $2,211, with an average of $2,010.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,953, a maximum of $2,387, and an average of $2,170.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,223, peaking at a maximum of $2,717, and averaging at $2,470.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,087, a maximum of $3,773, and an average of $3,430.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,573 to a maximum of $4,367, with an average of $3,970.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Boring, OR 97089 Low Rent (90%) $1,809 $1,953 $2,223 $3,087 $3,573
Average Rent $2,010 $2,170 $2,470 $3,430 $3,970
High Rent(110%) $2,211 $2,387 $2,717 $3,773 $4,367
2023 Boring, OR 97089 Low Rent (90%) $1,719 $1,845 $2,106 $2,952 $3,429
Average Rent $1,910 $2,050 $2,340 $3,280 $3,810
High Rent (110%) $2,101 $2,255 $2,574 $3,608 $4,191
2022 Boring, OR 97089 Low Rent (90%) $1,755 $1,872 $2,151 $3,042 $3,600
Average Rent $1,950 $2,080 $2,390 $3,380 $4,000
High Rent(110%) $2,145 $2,288 $2,629 $3,718 $4,400
2021 Boring, OR 97089 Low Rent (90%) $1,647 $1,764 $2,034 $2,907 $3,519
Average Rent $1,830 $1,960 $2,260 $3,230 $3,910
High Rent (110%) $2,013 $2,156 $2,486 $3,553 $4,301
2020 Boring, OR 97089 Low Rent (90%) $1,611 $1,737 $2,016 $2,907 $3,537
Average Rent $1,790 $1,930 $2,240 $3,230 $3,930
High Rent(110%) $1,969 $2,123 $2,464 $3,553 $4,323
2019 Boring, OR 97089 Low Rent (90%) $1,530 $1,665 $1,944 $2,808 $3,411
Average Rent $1,700 $1,850 $2,160 $3,120 $3,790
High Rent (110%) $1,870 $2,035 $2,376 $3,432 $4,169


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