News: Portland, Ore. Rents Continue 5-Month Climb; Oregon Rents up 7.3% Overall
Apartment List is reporting that Portland rents have increased 1.7% over last month, and are currently up 2.5% year-over-year. Median rents stand at $1,197 for a one-bedroom unit and $1,396 for a two-bedroom.
While Oregon year-over-year rents are up 7.3% overall, The company reports the following rent growth specifics:
- Hillsboro – up 4.4% from May to June and 16.9% year-over-year
- Beaverton up 2.4% from May to June and 11% year-over-year
- Bend year-over-year rents up 31.5%
- Eugene rents up 1.6% from May to June and 8.5% year-over-year
- Vancouver, Washington up 2% from May to June and 15.4% year-over-year
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com