Uncategorized
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.
-
Crime & Safety6 days ago
Man became enraged that his partner cut her halr after previously threatening her not to, days after she sought to end their relationship, only to find her at her sibling’s home and kill her after seriously injuring her family member
-
Crime & Safety4 days ago
Educator continued to contact student after he attempted to stop the lndecent encounters with the woman, who abused her position of trust to engage in a physical relationship with the boy, including after hours in her office at the school; charged
-
Crime & Safety6 days ago
Educator abused her position of trust and authority to manipulate and lndecently assault 13-year-old child in her classroom before convincing the student to have lntercourse in her car; charged
-
Crime & Safety18 hours ago
Dad says that after his child was found dead, he heard from other students that his son’s classmates had buIIied him for having no mother and being homeIess, until the boy took his own life
-
Crime & Safety18 hours ago
Woman claims she refused to get the COVlD shot because she believed the vaccines were tested or developed using fetaI cells obtained from abortions, which led to her losing her job even after she filed for a reIigious exemption; Iawsuit