1031 Exchange Portland, Oregon

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Portland due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Portland, Oregon is a part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area, and contains 60 zip codes, including: 97292, 97216, 97238, 97256, 97215, and 97296.

Portland Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Portland, OR metropolitan area was $1,350, which is 35.68% higher than 2014 average rent. This represents a compounded annual growth rate of 6.29%. 2019 vacancy in Portland, OR was 6.00%.

The total population of the city of Portland, OR has grown 11.88% since 2010. As of 2018, the population was 653,115. The median household income of the Portland was $65,740, which is 9.03% higher than the national average.

  • metropolitan area Portland-Vancouver-Hillsboro, OR-WA
  • avg rent $1,350
  • rent growth 35.68%
  • vacancy 6.00%
  • median income $65,740
  • population (2018) 653,115
  • population growth 11.88%
  • vs. nat'l avg 9.03%
  • zip codes 97201 97202 97203 97204 97205 97206 97207 97208 97209 97210 97211 97212 97213 97214 97215 97216 97217 97218 97219 97220 97221 97222 97223 97224 97225 97227 97228 97229 97230 97231 97232 97233 97236 97238 97239 97240 97242 97250 97251 97252 97253 97254 97256 97258 97266 97267 97268 97269 97280 97281 97282 97283 97286 97290 97291 97292 97293 97294 97296 97298

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