Markets › Portland
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Portland skyline

Portland OR

Current market read
Balanced market
ConditionBalanced
RentersLandlords
Balanced on the yearly data, with the recent monthly signals easing.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
29of 43 metros
No change this month
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Attention, not a verdict. Google searches for apartments to rent.

Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, asking rents are slipping and job growth has cooled, as of Jun 2026.
Job growthBLS · MONTHLY
-2.1%
▼ Cooling, past 12 months
JUL ’25JUN ’26
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VacancyCENSUS · 2024
6%BALANCED
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
-0.2%
▼ Year over year
Older annual rent growth, Census
PORTLAND
+5.8%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,767/mo
Typical rent, 2024 yearly count
20162024
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In the news · PortlandNEWS · DAILY
Oregon Jury Awards Tenant $32,000 Over Landlord Retaliation16D AGOPortland Rents Continue To Rise Slowly25D AGOOregon Landlords Should Pay Attention As Portland’s Cooling Program Ends31D AGOView all 5 with Pro · $39/month →
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
SUPPLY
DEMAND
Jobs-2.1%
Migration-1.96/1k
SUPPLY
Permits-31.5%
Vacancy6%
Rent vs buyFREDDIE MAC · WEEKLY
+$2,399/mo
Cheaper to rent than buying
$1,767
RENT
$4,166
OWN
Net migrationCENSUS · 2024
−1.96/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.