By Mel Dorman, August 13, 2021
If you’re ready to think about an investment property, here are a few reasons to think about Portland:
Controlled growth
Yes – Portland has great proximity to the coast, mountains, forests…even wine country! But…protecting these assets has also put limits on outward growth. Existing housing is limited, new construction isn’t keeping up with demand and strong population growth have created a housing shortage…
…this is pushing rents up in Portland, and while rents may seem high to Portlanders, they are looking pretty good to someone moving here from…Silicon Valley, for instance.
And…increased demand for housing pushes up rental rates as well as property values. Compared to Seattle and San Francisco – Portland looks like a bargain to people looking to migrate.
Portland’s has a big demand for student housing
There is a strong Portland housing market for students in the vicinity of multiple major campuses – throughout the Portland area and extending down-valley to Eugene, as well.
Work-life balance is better in Portland, which in turn attracts businesses looking to recruit and retain employees
…which in turn increases the demand for housing. Add in the proximity of outdoor activities and a thriving music and art scene – it’s no wonder so many people are moving to Portland (and looking for housing.)
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
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