Homeownership Rates Rebound In Portland Metro Area

Dated: October 3 2016

Views: 276


Image title



Even as housing prices explode and new apartments sprout everywhere, the Portland area's homeownership rate is finally ticking upward, a strong signal that the millennial generation is entering the housing market.


New numbers from the Census Bureau's American Community Survey show that the region's homeownership rate rose to an estimated 61.1 percent in 2015, a significant jump from an estimated 59.5 percent homeownership the year before. Oregon's homeownership also increased, hitting the same 61.1 percent, up from 60.7 percent in 2014.


Within the city of Portland, an estimated 54 percent of households were owner-occupied last year, according to the census report. That's up from 51.4 percent in the previous year and exceeds the 53 percent homeownership rate reported in 2013.


Read rest of article Here.

Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

6 Home Upgrades Buyers Want In The COVID19 Era

If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived.But now, we’re more than six months

Read More

Builder Confidence Breaks Previous 35 Year Record High

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago

Read More

7 Simple Renovations To Coronavirus Proof Your Home

As much as we all wish we could go back to a time when social distancing was a foreign concept and masks were just something you wore with a Halloween costume, it’s clear by now that COVID-19’

Read More

The Forbearance Crash Bros Spoke Too Soon

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective,

Read More