HUD User Logo

FY 2019 Fair Market Rent Documentation System

The Final FY 2019 Portland-Vancouver-Hillsboro, OR-WA MSA FMRs for All Bedroom Sizes

The following table shows the Final FY 2019 FMRs by unit bedrooms for Portland-Vancouver-Hillsboro, OR-WA MSA.

Final FY 2019 FMRs By Unit Bedrooms
Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom

FY 2019 FMR areas continue to use the revised Office of Management and Budget (OMB) area definitions that were first issued in 2003 along with HUD Defined Metropolitan Areas (HMFAs) as described in the FY2011 FMR documentation, which can be found at (Portland-Vancouver-Hillsboro, OR-WA MSA FY2011 FMR Documentation system). Although OMB issued new Metropolitan area definitions in February 2013, the Census Bureau did not incorporate these definitions into the 2012 American Community Survey (ACS) data. No changes have been made to these OMB-defined areas since the publication of Final FY2011 FMRs.

Fair Market Rent Calculation Methodology

Show/Hide Methodology Narrative

Fair Market Rents for metropolitan areas and non-metropolitan FMR areas are developed as follows:

  1. 2012-2016 5-year American Community Survey (ACS) estimates of 2-bedroom adjusted standard quality gross rents calculated for each FMR area are used as the new basis for FY2019.

    In areas where the 2012-2016 5-year ACS 2-bedroom adjusted standard quality gross rent estimate is less than its respective margin of error, the state non-metro estimate of 2-bedroom adjusted standard quality gross rent is used.

  2. HUD calculates a recent mover adjustment factor by comparing a 2016 1-year 40th percentile recent mover 2-bedroom rent to the 2012-2016 5-year 40th percentile adjusted standard quality gross rent. If either the recent mover and non-recent mover rent estimates has a margin of error that includes zero, HUD uses the recent mover adjustment for a larger geography. For metropolitan areas, the order of geographies examined is: FMR Area, Entire Metropolitan Area (for Metropolitan Sub-Areas), State Metropolitan Portion, Entire State, and Entire US; for non-metropolitan areas, the order of geographies examined is: FMR Area, State Non-Metropolitan Portion, Entire State, and Entire US. The recent mover adjustment factor is floored at one.
  3. HUD calculates the appropriate recent mover adjustment factor between the 5-year data and the 1-year data and applies this to the 5-year base rent estimate.
  4. Rents are calculated as of December 2017 using the relevant (regional or local) change in CPI from annual 2016 to annual 2017 as well as the change in national CPI from annual 2017 to December 2017.
  5. All estimates are then trended from December 2017 to April 2019 (15 months) with a trending factor of 2.2999% per year.
  6. The FY2019 FMR is then calculated by multiplying the base rent, the recent mover adjustment factor, the CPI adjustment, and the trend factor.
  7. FY2019 FMRs are then compared to a state minimum rent, and any area whose preliminary FMR falls below this value is raised to the level of the state minimum.

The results of the Fair Market Rent Step-by-Step Process

  1. The following are the 2016 American Community Survey 5-year 2-Bedroom Adjusted Standard Quality Gross Rent estimate and margin of error for Portland-Vancouver-Hillsboro, OR-WA MSA. The following calculations are based on data for the entirety of the OMB-defined metropolitan area of and not Portland-Vancouver-Hillsboro, OR-WA MSA because neither the 2000 Census 40th Percentile Base Rent nor the 2000 Census Median Family Income differs from the official metropolitan area's 2000 Census 40th Percentile Base Rent or 2000 Census Median Family Income by at least 5 percent; however, such differences do exist for other HMFAs within .
    Area ACS2016 5-Year 2-Bedroom Adjusted Standard Quality Gross Rent ACS2016 5-Year 2-Bedroom Adjusted Standard Quality Gross Rent Margin of Error Ratio Result
    Portland-Vancouver-Hillsboro, OR-WA MSA N/A N/A N/A Check ACS2015 Base Rent Basis
    Since the Portland-Vancouver-Hillsboro, OR-WA MSA ACS2016 estimate of 2-Bedroom Adjusted Standard Quality Gross Rent does not pass the margin of error test, the ACS2015 Base Rent is examined to see if a local value was used for the calculation of the FY2018 FMR:
    Area FY2018 Base Rent Basis FY2018 Base Rent
    Portland-Vancouver-Hillsboro, OR-WA MSA Local Estimate
    Since a ACS2015 local value was used as the FY2012 Base Rent, this value is retained for the FY2019 Base Rent Rent. It is multiplied by the ratio of the ACS2016 5-Year State Non-Metro 2-Bedroom Adjusted Standard Quality Gross Rent to the ACS2015 5-Year State Non-Metro 2-Bedroom Adjusted Standard Quality Gross Rent to update the figure to 2016.
    Area ACS2015 Base Rent ACS2015 State Non-Metro 5-Year 2-Bedroom Adjusted Standard Quality Gross Rent ACS2016 State Non-Metro 5-Year 2-Bedroom Adjusted Standard Quality Gross Rent FY2019 Base Rent
    Portland-Vancouver-Hillsboro, OR-WA MSA * ( / )= *

    ODBscript Error: Non-numeric expression: (null) / (null)
    [Error in file 2015summary.odn line 984]

    =

  2. A recent mover adjustment factor is applied based on the smallest area of geography which contains Portland-Vancouver-Hillsboro, OR-WA MSA and has an ACS2016 1-year Adjusted Standard Quality Recent-Mover estimate with a Margin of Error Ratio that is less than 1.
    Area ACS2016 1-Year 2-Bedroom Adjusted Standard Quality Recent-Mover Gross Rent ACS2016 1-Year 2-Bedroom Adjusted Standard Quality Recent-Mover Gross Rent Margin of Error Ratio Result
    Portland-Vancouver-Hillsboro, OR-WA MSA N/A N/A N/A No ACS2016 1-year Adjusted Standard Quality Recent-Mover estimate produced for Portland-Vancouver-Hillsboro, OR-WA MSA
    Oregon Metro N/A N/A N/A No ACS2016 1-year Adjusted Standard Quality Recent-Mover estimate produced forOregon Metro
    State N/A N/A N/A No ACS2016 1-year Adjusted Standard Quality Recent-Mover estimate produced for Oregon

    $rm_result$

  3. The calculation of the relevant Recent-Mover Adjustment Factor for Portland-Vancouver-Hillsboro, OR-WA MSA is as follows:
    ACS2016 5-Year Area ACS2016 5-Year 40th Percentile 2-Bedroom Adjusted Standard Quality Gross Rent ACS2016 1-Year 40th Percentile 2-Bedroom Adjusted Standard Quality Recent-Mover Gross Rent
    Area Ratio Recent-Mover Adjustment Factor
    /
    =

    ODBscript Error: Non-numeric expression: (null) / (null)
    [Error in file 2015summary.odn line 1317]

    ODBscript Error: Non-numeric expression: (null) / (null)
    [Error in file 2015summary.odn line 1321]

    < 1.0 Recent-Mover Adjustment Factor floored at 1.0

  4. The calculation of the relevant CPI Update Factors for Portland-Vancouver-Hillsboro, OR-WA MSA is as follows: HUD updates the 2016 intermediate rent with the ratio of the annual 2017 local or regional CPI to the annual 2016 local or regional CPI to establish rents as of 2017. HUD then updates this 2017 annual CPI with the ratio of the December 2017 national CPI to the annual 2016 national CPI to establish rents as of December 2017.
    Update Factor Type
    CPI Update Factor

    ODBscript Error: Non-numeric expression: (null) * 1.007027
    [Error in file 2015summary.odn line 1461]

    1.007

    Regional CPI
  5. The calculation of the Trend Factor is as follows: HUD applies an additional 15 months of trending to update rents to April, 2019, the mid-point of FY 2019. This trend factor is determined by taking the average annual growth rate in the national 1-Year Median Gross Rent between the 2011 and 2016 American Community Surveys.
    ACS2011U.S. 1-Year Median Gross Rent ACS2016U.S. 1-Year Median Gross Rent Average Annual Change in U.S. 1-Year Median Gross Rent Trend Factor 2.2999% for 1.25 years
    $789 $884 ($884 / $789) 1/5=(1.1204) 1/5=1.022999 1.0229991.25=1.028831
  6. The FY 2019 2-Bedroom Fair Market Rent for Portland-Vancouver-Hillsboro, OR-WA MSA is calculated as follows:
    Area ACS2016 5-Year Estimate Recent-Mover Adjustment Factor Annual 2016 to December 2017 CPI Adjustment Trending 2.2999% for 1.25 years FY 2019 2-Bedroom FMR
    Portland-Vancouver-Hillsboro, OR-WA MSA 1.0

    ODBscript Error: Non-numeric expression: (null) * 1.007027
    [Error in file 2015summary.odn line 1524]

    1.007

    1.0288 * 1.0 *

    ODBscript Error: Non-numeric expression: (null) * 1.007027
    [Error in file 2015summary.odn line 1529]

    1.0070 * 1.0288=$1

  7. In keeping with HUD policy, the preliminary FY 2019 FMR is checked to ensure that is does not fall below the state minimum for Oregon:
    Area Preliminary FY 20192-Bedroom FMR FY 2019 Oregon State Minimum Final FY 20192-Bedroom FMR
    Portland-Vancouver-Hillsboro, OR-WA MSA $1 $1 ≥ Use Portland-Vancouver-Hillsboro, OR-WA MSA FMR of $1

An error occurred and calculation steps cannot be displayed.

Final FY 2019 Rents for All Bedroom Sizes for Portland-Vancouver-Hillsboro, OR-WA MSA

The following table shows the Final FY 2019 FMRs by bedroom sizes. The FMRs for units with different numbers of bedrooms are computed from the ratio of the 40th percentile adjusted standard quality gross rent for the different unit sizes to the 40th percentile adjusted standard quality 2-Bedroom gross rent from the 2006-2010 5-year ACS. These Rent Ratios are applied to the Final FY 2019 2-Bedroom FMR to determine the Final FY 2019 FMRs for the different size units.

Click on the links in the table to see how the bedroom rents were derived.

Final FY 2019 FMRs By Unit Bedrooms
  Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
Final FY 2019 FMR

ODBscript Error: Non-numeric expression: * (null)
[Error in file 2015summary.odn line 1726]

ODBscript Error: Non-numeric expression: * (null)
[Error in file 2015summary.odn line 1727]

$1

ODBscript Error: Non-numeric expression: * (null)
[Error in file 2015summary.odn line 1729]

ODBscript Error: Non-numeric expression: * (null)
[Error in file 2015summary.odn line 1730]

Unadjusted Rent Ratio
State Minimum-Based Final FY 2019 FMR

The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four bedroom FMR, for each extra bedroom. For example, the FMR for a five bedroom unit is 1.15 times the four bedroom FMR, and the FMR for a six bedroom unit is 1.30 times the four bedroom FMR. FMRs for single-room occupancy units are 0.75 times the zero bedroom (efficiency) FMR.

SELECT cbsasub19 AS j_cbsasub, areaname19 AS j_areaname FROM geography2019 WHERE cbsamet19 = 0 AND cbsasub19 <> 'METRO38900M38900' ORDER BY areaname19

DATABASE ERROR: 07001 [Microsoft][ODBC Microsoft Access Driver] Too few parameters. Expected 1.

SELECT name AS m_name, fips2010 AS m_fips, cbsasub19 AS m_cbsasub FROM geography2019 WHERE state = ORDER BY name

DATABASE ERROR: 37000 [Microsoft][ODBC Microsoft Access Driver] Syntax error (missing operator) in query expression 'state ='.

Prepared by the Economic and Market Analysis Division, HUD. Technical problems or questions? Contact Us.