How Fast is Portland’s Population Growing?

by | Mar 30, 2017 | Articles

The population of Portland, Oregon has increased dramatically over recent years. In fact, the population increased by about 80 people a day last year, resulting in a 1.7% growth rate according to the United States Census Bureau. The total population is now roughly 2.4 million people.

The population increase is apparent in Portland, especially when examining the housing market. The housing supply is very small, driving up prices and rent. It’s also spurring new apartment development.

Despite this dramatic growth, Portland dropped to the 25th largest metro area.

Which cities grew more than Portland?

-Seattle Washington
-Bend Oregon (which increased by 3.6%!)
-Austin Texas
-San Francisco

What does this mean for real estate in Portland Oregon?

We may have dropped in the rankings, but the population is still increasing. This will continue to put a strain on housing inventory, and trigger price and rent increases for the foreseeable future.

Thinking about selling? It’s the perfect time!

Find out what your Portland home is worth>>

0 Comments

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington