By Coty Thurman, May 1, 2025
Find out what’s happening in the Portland rental market for early April 2025.
Hi everyone, Coty Thurman here from Living Room Property Management, bringing you a quick update on the single-family rental market in the Portland Metro region.
Are Rents Going Up?
Yes. Zillow’s March 2025 report shows national rents are up 3.5% from last year, averaging just over $2,005. At Living Room, we average $2,435 across our portfolio, and we leased homes in the first three months of the year for 4.6% more than what the previous tenants paid.
Is It A Renter’s Market?
No, not really. Homes are leasing in under 12 days. While one or two properties may sit longer, most renters are feeling real pressure—many are applying as soon as the 72-hour rental hold period opens. This competition will stick around until more inventory is added.
Seasonal Rental Trends
It’s officially the season of air conditioning—homes without efficient cooling are facing bigger concessions, and charm alone isn’t cutting it anymore.
More and more tenants who can afford to move away from multifamily are opting out of shared walls. They’re tired of recurring neighbor issues. With current tenant protection laws, it can take months for a property manager to resolve disruptions, and great tenants aren’t willing to wait that long for peace.
Looking Ahead
Demand for quality single-family rentals is strong, and it’s only growing. To keep up—and to ease pressure on both renters and the market—we need more single-family inventory.
While many investors are backing out of Multnomah County due to red tape, renter demand remains high. We help property owners stay in the game with smart, stress-free management that keeps homes full and well cared for.
Thinking about renting out your property but don’t want the hassle? Living Room Property Management takes care of everything—tenant placement, maintenance, and protecting your investment—so you don’t have to.
Coty Thurman
President & Licensed Principal Broker of Property Management | OR & WA
She/Her
As of January 2024, I am thrilled to announce that I have assumed the role of President at Living Room Property Management, marking another milestone in my journey within the real estate industry.
With over two decades of experience in real estate, my career trajectory has been one of continual growth and learning. From my early days as a leasing agent to eventually becoming a Property Manager and Regional Trainer, I have honed my skills and expertise in property management. My experience overseeing multi-million dollar multi-family communities across various locations, including the Portland Metro area, the Bay Area in California, and Boulder, Colorado, has equipped me with invaluable insights into the intricacies of this field.
I am deeply passionate about the nuances of property management—the problem-solving, organization, and implementation of systems necessary for success. I am committed to leading an ethical, trustworthy, and knowledgeable team to effectively manage our rental portfolio. Whether it's navigating the complexities of Oregon landlord-tenant laws or optimizing our client's investment portfolio, I am always eager to tackle new challenges head-on.
Diversity and inclusion lie at the heart of my leadership philosophy. As a biracial woman who has experienced firsthand the importance of representation and inclusivity, I am committed to fostering environments where individuals from all backgrounds feel valued and empowered. By actively seeking out and supporting diverse talent, I aim to create a workplace that celebrates the unique perspectives and contributions of each team member.
My roots run deep in Portland, having grown up in the Montavilla neighborhood and attended Marshall High School. Alongside my high school sweetheart turned husband, I am raising two wonderful children and a beloved dog in the eastern suburb of Fairview. Surrounded by supportive family and friends, I am grateful for the community that has helped shape both my personal and professional journey.
Outside of work, you can often find me enjoying quality time with my family on our back porch, attending live comedy and theater with friends, exploring the city's vibrant culinary scene, or immersing myself in the music and culture at outdoor concerts. Whether cheering on my kids at their sporting events or belting out tunes from the Hamilton soundtrack during a scenic drive, I cherish every moment spent embracing life's adventures.
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- T: 503-781-6055
- coty@livingroomre.com
