Contributed By:

Gauging Oregon's Rental Market Economy

OPB | Jan. 30, 2013 12:20 p.m. | Updated: Sept. 11, 2013 12:28 a.m.

According to the latest numbers, Portland is no longer one of the tightest rental markets in the country. But with a 5.2 percent vacancy rate, it it can still be tough to find an affordable apartment or home for rent in Oregon’s most populous city. The statewide rate — 6.1 percent — remains among the nation’s lowest. The national average is 8.7 percent and only nine states reported lower vacancy rates than Oregon’s in the fourth quarter of 2012.

While a limited rental market can create opportunities for property owners, rising rental costs put a strain on renters, particularly if they are low-income.

Are you a renter? Do you own rental property? What’s your experience with Oregon’s rental market?

Comments

blog comments powered by Disqus
Thanks to our Sponsors:
become a sponsor

Related

Thanks to our Sponsors
become a sponsor

Funding Provided By

Rose E. Tucker Charitable Trust

James F. and Marion L. Miller Foundation

Dawn and Al Vermeulen

Ray and Marilyn Johnson