Thursday, December 10, 2015

Details on How Portland 2 BR FMR for FY 2016 was Calculated.

Likely more than you wanted to know, but in great detail it is HERE. Short version in table below.

The FY 2016 2-Bedroom Fair Market Rent for Portland-Vancouver-Hillsboro, OR-WA MSA is calculated as follows:
AreaACS2013 5-Year EstimateRecent-Mover Adjustment FactorAnnual 2013 to 2014 CPI AdjustmentTrending 1.0457 to FY2016FY 2016 2-Bedroom FMR
Portland-Vancouver-Hillsboro, OR-WA MSA$8741.0721.04751.0457$874 * 1.072 * 1.0475 * 1.0457=$1,026

Originally created and posted on the Oregon Housing Blog. 

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