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Portland Housing Is Rolling on All Cylinders

hamilton-zanze August 26, 2013

Single-family home rents in Portland made another annual leap in July, with median rental prices increasing 3.9% from July 2012 to $1,427. This growth is primarily driven by Portland’s high average apartment occupancy rate of 98%.

Single-family home values and sales prices in Portland are also showing notable gains. Zillow reports that July’s median home price rose 14.9% year-over-year to $253,700, and the Regional Multiple Listings Service announced the average sales price was $326,500.

Read more at Portland Business Journal

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