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Gauging Oregon's Rental Market Economy
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?