Housing market/Oregon/ZIP 97227
ZIP 97227 Portland, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 97227 · OR — sent to you.
ZIP 97227 · OR
ACS rent vs 2BR SAFMR
ZIP 97227 — Portland, OR HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 97227
- 1-unit detached1,05527.5%
- 1-unit attached1132.9%
- 2–4 units46312.1%
- 5–49 units1,07828.1%
- 50+ units1,12629.4%
2–4 unit share 12.1% · 5–49 unit share 28.1% · combined 2–49 40.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,609 (all bedrooms, occupied rentals).
- Median contract rent $1,527.
- Renters paying ≥30% of income 45.4%; ≥50% 18.6%.
- FY2027 2BR SAFMR $1,830 (1.137× ACS median gross rent).
Population
6,378 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +34.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 8 projects, 200 units.
- HUD project-based assisted MF: 6 properties, 181 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 540 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 97227 75.3% of occupied households are renters; vacancy is 7.9%; ACS median gross rent is $1,609; population increased +34.0% between the 2018 and 2023 ACS vintages; the housing stock includes 463 units in 2–4-unit structures and 1,078 units in 5–49-unit structures; 8 LIHTC projects totaling 200 units; FY2027 2BR SAFMR is $1,830 versus ACS median gross rent of $1,609. 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 97227 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 97227 — Portland, OR HUD Section 8 Payment Standards / SAFMR·Oregon ZIP directory
Nearby ZIPs in this FMR area
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 97227?
ZIP 97227 (Portland-Vancouver-Hillsboro, OR-WA MSA) has 6,378 residents, 3,531 households, a renter share of 75.3%, median household income of $79,161, and ACS 2023 median gross rent of $1,609. Vacancy is 7.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 97227?
ACS counts 205 units in 2-unit buildings, 258 in 3–4 unit buildings, 91 in 5–9, 334 in 10–19, and 653 in 20–49. Combined 2–49 unit stock is 1,541 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 97227?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,830. See the full schedule and 90–110% payment-standard band on the ZIP 97227 — Portland, OR HUD Section 8 Payment Standards / SAFMR.
Does this Oregon ZIP profile include Georgia listings?
No. ZIP 97227 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.