The 3 page PDF I put together HERE and embedded below has those final FY 2019 two bedroom rents and percentage and dollar changes back to FY 2010.
Portland 2 BR FMR Rent Goes Up, But Douglas County Goes WAY Up.
While Portland's 2 BR FMR is up a hefty 8.3%/$111 to $1,441, the Douglas county 2 BR FMR went up by $263, or 34.6 % in ONE year. [From $760 to $1,023].
From FY 2010 to FY 2019 to Keep the Portland Metro 2 BR FMR Affordable Would Have Required an Increase in Income of $24,080[72%], to $57,640.
- Since FY 2010 the Portland metro 2 BR rent has increased by $602 or 72%.
- In 2019 to keep the Portland Metro 2 BR FMR affordable would require an income of $57,640.
- In FY 2010 the 2 BR FMR would require an income of $33,560.
- To keep the 2019 Portland Metro 2 FMR affordable would have required a 72% INCREASE in income of $24,080 from 2010-2019.
Note also that these changes in the FMR will also increase the HUD small area rents.
Originally created and posted on the Oregon Housing Blog.