Portland Rental Market Flourishes

The residential real estate market in Portland is flat lining, while investors are experiencing one of the most friendly markets on record. In a recent article of Oregon Business by Linda Baker, she points out that rental rates are "soaring" in Portland. The driving force behind this market is a continuous flow of new residents, backed by a limited supply.

The top 5 cities with low vacancy rates:     

1. New York, NY: 2.4%
2. Minneapolis, MN: 3.3%
3. Portland, OR: 3.4%
4. San Jose, CA: 3.4%
5. San Diego, CA: 3.4%

Apartment vacancy in Portland is hovering around at 3.4% - one of the lowest in the country.

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For further information on the home buying process or selling process, contact Todd Adams at 503-332-5227 or visit Home Search