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The State of Housing in Portland Report shows major progress on affordable housing
Portland, OR – But, according to the statement, disparities persist and rents across the city remain unaffordable for many, despite rising incomes.
On March 22, 2023, the Portland Housing Bureau releases the latest State of Housing in Portland report, which shows continued struggles with affordability in our local housing market, both for renters and prospective homebuyers.
While incomes are rising across the board and the city is becoming more educated and more racially diverse, disparities persist: Portland’s renter households and Communities of Color continue to earn less than their white, homeowning counterparts.
From 2021 to 2022, the average overall asking rent increased by 3.7 percent, and median home sale prices citywide increased 17 percent from 2016, reaching $525,000 in 2021.
Meanwhile, rental vacancy rates have decreased from 6.4 percent in 2021 to 6 percent in 2022.
No neighborhood in Portland is affordable to an average Black household seeking a 2-bedroom unit for rent.
Other BIPOC groups fare somewhat better, but several neighborhoods are out of reach for all ethnic groups, including white households.
Very few neighborhoods are affordable to senior households, and none are affordable for households led by single mothers.
Half of all Portland renters are cost burdened, paying over 30% of their income in rent. 1 in 4 pays over half their income in rent.
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Crime & Safety1 week ago
Man, who admitted to repeatedIy punching the mother of his chiIdren when she stopped breathing, claims Ieaving her body on the fIoor for days and not caIIing 911 was his brother’s girIfriend’s idea while telling his chiIdren that their mom was sIeeping: police
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Crime & Safety1 week ago
Dad who told poIice that he had not dropped or shaken his 3-month-old, or done anything to hurt the baby besides bouncing her in his Iap, after the chiId died with four broken ribs and bIeeding and sweIIing in the brain, is charged
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Crime & Safety7 days ago
Woman who told her maIe accompIice to ‘kiII the baby’ of a pregnant woman they assauIted, stomping on her with their feet as she tried her best to protect her beIIy, then told poIice the victim’s cIaim was faIse and denied that she was invoIved in the assauIt, is charged
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Crime & Safety7 days ago
Dad who ‘beIieved nobody would take care of his chiIdren once he was dead and that they would not be able to carry on in Iife without him’ before he shot his 18-year-old, then remained in her room for 20 minutes as she gasped for breath before she died, is sentenced
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Crime & Safety3 days ago
Woman, whose chiId in her care was Ieft too weak to Iift himseIf or speak, and doctors did not expect the chiId to survive more than a few days after she brought the 12-year-old to the hospitaI following months of torture and starvation, is charged
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Eugene3 days ago
House fire reported in Zumwalt Rural Fire Protection District near Eugene
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Oregon18 hours ago
Oregon state police K-9 team seizes cocaine and cash after traffic stop in Douglas County
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Oregon18 hours ago
Oregon state police K-9 visits Sutherlin elementary school