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Portland Metro Report: July 2019

The Zumper Portland Metro Report analyzed active listings in July 2019 across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The state median one bedroom Rent last month was $1,085.

Cities Ranked By Rent

The Most Expensive

–Portland, OR jumped back to first with rent growing $10 to $1,360 last month.

–Happy Valley, OR followed closely behind as second with rent at $1,350.

–Lake Oswego, OR moved a spot down to third with one bedrooms falling $30 to $1,330.

The Least Expensive

–Forest Grove, OR remained the most affordable city with one bedrooms priced at $1,020.

–Milwaukie, OR saw rent drop $20 to $1,050 but continue to rank as the second least expensive city.

–Oregon City, OR was third with rent at $1,100.

Growth Rate

The Fastest Growing (Y/Y%)

–Forest Grove, OR had the fastest growing rent, up 12.1% since this time last year.

–Oregon City, OR was second with rent climbing 10%.

The Fastest Growing (M/M%)

–Wilsonville, OR rent had the largest monthly growth rate, jumping 5.1%.

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Portland$1,3600.70%-6.80%$1,7303.00%-3.40%
2Happy Valley$1,350-3.60%3.80%$1,5800.00%3.90%
3Lake Oswego$1,330-2.20%-5.00%$1,620-1.80%-4.70%
4Hillsboro$1,2700.00%-9.30%$1,6300.00%-5.20%
5Beaverton$1,2402.50%2.50%$1,5004.20%7.10%
5Wilsonville$1,2405.10%4.20%$1,4105.20%3.70%
7Gladstone$1,200-3.20%7.10%$1,250-5.30%-6.00%
8Tualatin$1,1801.70%-4.10%$1,3404.70%-2.90%
9Gresham$1,1403.60%7.50%$1,2701.60%5.80%
10Tigard$1,1300.00%7.60%$1,3500.00%6.30%
11Oregon City$1,1000.00%10.00%$1,4001.40%7.70%
12Milwaukie$1,050-1.90%-0.90%$1,3000.00%0.00%
13Forest Grove$1,0200.00%12.10%$1,240-5.30%9.70%

About

The Zumper Portland Metro Report analyzed active that hit the market last month. Listings are aggregated by city to calculate median asking rents.

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The post Portland Metro Report: July 2019 appeared first on The Zumper Blog.



This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Portland Metro Report: July 2019

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