The subject of today’s snapshot is Downtown, Portland, Oregon. Based on our analysis, Downtown Portland’s year-over-year average rents have varied among bedroom types.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Portland 1-3 bedroom rents from July 1, 2020 – July 1, 2021:
As the table shows, 1BR units decreased by 7% from last year or $113 more. The 2BR units increased by 3% or $72 more, while the 3BR units decreased their rents by 11% or $424 less. As demonstrated by the table, year-over-year performance for 1BR and 3BR units decreased, while there was an increase for 2BR units.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.