Why Do Renters Move In The Portland Market Area

Dated: 06/13/2018

Views: 88

Why Do Renters Move? - How Affordable are Rentals?

Image title

Renters Moving in Portland Oregon

Ever wonder why renters move, or what the primary reason are causing renters to move from the home or apartment they are renting in Portland? You may be surprised to know, home ownership is not even on the list. That surprises me because a fair amount of our clients are former renters. Of these former renters, most wanted to:

  1. Have a home that's a place of their own, so they can do what they want to do

  2. Create a stable environment for their children

  3. Stabilize the payment to avoid future increases

  4. Enjoy the tax savings

  5. Gain wealth, through future gains in Equity

Anyway, the info graph shows the results of a survey completed by apartment list. What would be the reason you would move? I'd like to know?

Income out paces rents

With all the talk about rising Rents and affordability in Portland, I thought it important to point out that experts indicate a rise in incomes continues to outpace the rise in rents. So, to some degree this does answer the question of affordability. Sure, it never feels good to receive a rent increase in the mail. Of course not everyone's wages are rising to keep pace. Honestly, if you want to stabilize your housing expense, then you must buy a home of your own. It's the only true path that makes it happen. Then, as your wages increase the your disposal income increases too, your afforded more freedom to save, take vacations and do the things that are most important to you. 

Want to see the latest list of affordable homes throughout Portland? Here it is, Affordable Homes Portland Metro


Latest Blog Posts

5 Reasons To Sell Your House This Fall In The Portland Area

5 Reasons to Sell Your House This Fall in the Portland Area Have you been thinking about putting your house on the market? What about moving-up to the house of your dreams? With supply and

Read More

Home Prices The Difference 5 Years Makes

Home Prices: The Difference 5 Years MakesCoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing

Read More

21908 SW Vintner Sherwood OR 97140 For Lease

This is it! Highly sought after Sherwood Schools and area. 4 bedroom, 2.5 bath town home. Brand new laminate hardwoods throughout main floor. Open kitchen with an eating bar, gas fireplace and

Read More

Are Homebuyers Starting To Hit The Pause Button In Oregon

Are Homebuyers Starting to Hit the ‘Pause’ Button?For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to

Read More