OPB had an interesting article about Portland’s Housing Crisis with a look down that line at what’s coming up. Click the link for the full article. The main thrust of the article is that rents are skyrocketing – with the average rent paid in Portland (currrently $1691/month) increasing by nearly $100 per month. That puts Portland just behind powerhouse markets like Denver and San Francisco – the only cities that have faster rising rents than Portland.
With the area population hitting $4,000,000 in November and still rising, the main question is where is everyone going to live? Check out the article. It’s an interesting read.