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

Hillsboro, OR 97124'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 97124 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 $1,773 to a high of $2,167, with an average of $1,970.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,908, a maximum of $2,332, and an average of $2,120.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,178, peaking at a maximum of $2,662, and averaging at $2,420.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,024, a maximum of $3,696, and an average of $3,360.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,501 to a maximum of $4,279, with an average of $3,890.

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 Hillsboro, OR 97124 Low Rent (90%) $1,773 $1,908 $2,178 $3,024 $3,501
Average Rent $1,970 $2,120 $2,420 $3,360 $3,890
High Rent(110%) $2,167 $2,332 $2,662 $3,696 $4,279
2023 Hillsboro, OR 97124 Low Rent (90%) $1,674 $1,800 $2,052 $2,871 $3,339
Average Rent $1,860 $2,000 $2,280 $3,190 $3,710
High Rent (110%) $2,046 $2,200 $2,508 $3,509 $4,081
2022 Hillsboro, OR 97124 Low Rent (90%) $1,539 $1,638 $1,881 $2,655 $3,150
Average Rent $1,710 $1,820 $2,090 $2,950 $3,500
High Rent(110%) $1,881 $2,002 $2,299 $3,245 $3,850
2021 Hillsboro, OR 97124 Low Rent (90%) $1,332 $1,422 $1,638 $2,340 $2,835
Average Rent $1,480 $1,580 $1,820 $2,600 $3,150
High Rent (110%) $1,628 $1,738 $2,002 $2,860 $3,465
2020 Hillsboro, OR 97124 Low Rent (90%) $1,305 $1,413 $1,638 $2,367 $2,880
Average Rent $1,450 $1,570 $1,820 $2,630 $3,200
High Rent(110%) $1,595 $1,727 $2,002 $2,893 $3,520
2019 Hillsboro, OR 97124 Low Rent (90%) $1,251 $1,368 $1,593 $2,304 $2,799
Average Rent $1,390 $1,520 $1,770 $2,560 $3,110
High Rent (110%) $1,529 $1,672 $1,947 $2,816 $3,421


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