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:

Area	ACS2013 5-Year Estimate	Recent-Mover Adjustment Factor	Annual 2013 to 2014 CPI Adjustment	Trending 1.0457 to FY2016	FY 2016 2-Bedroom FMR
Portland-Vancouver-Hillsboro, OR-WA MSA	$874	1.072	1.0475	1.0457	$874 * 1.072 * 1.0475 * 1.0457=$1,026

Originally created and posted on the Oregon Housing Blog.