Are you searching for information about real estate investing in Portland Oregon? If so, you’ve come to the right place!
Even though 2020 has been a tough year for many people, Portland continues to be one of the best cities in the United States for real estate investing.
In this article, we will share with you some of the reasons why you should consider investing in Portland Oregon real estate.
Rents Here Are Still A Bargain
The Portland rental market is still considered to be a bargain compared to other cities like Seattle and San Francisco. What’s even better is that as most major cities across the United States have seen a decline in rent growth during 2020, Portland’s rent growth has remained strong.
As of August 2020, the average rent for a 765 square foot apartment in the Portland area is $1,499 and about 48% of homes in the PDX area are renter occupied.
Contrast this to the average rent in San Francisco which is still $3,629 even after Covid-19 rental losses and the start of the economic recession.
The PDX Offers Renters A High Quality Of Life
Besides the economic reasons why you should consider investing in Portland rental properties, Portland remains an ideal place to live for renters, especially during the pandemic.
Thanks to a recent study by a Commercial Cafe, we know that Portland currently ranks number eight on a list of best cities to live in the United States because of the high of our parks, trails, shops, restaurants and things to do.
Anyone who has been stuck at home during the pandemic knows that having the ability to get outside and go for a walk is huge but in most cities across the United States, going for a walk is next to impossible, even during the pre-pandemic days.
In Portland, people can still get out on a daily basis during the pandemic (face masks required) and enjoy our local parks, trails, shops, stores and outdoor attractions.
Commercial Cafe analyzed 53 cities across the United States that have a population of 300,000 or more. Some highlights from their survey include:
- Portland ranks 8th on the list, earning an overall score of 48.70 points out of 100.
- The PDX area boasts some of the cleanest urban air in the country, with an AQI of 38, earning the second-highest score for this metric among all 53 cities included in the list.
- Our city also scored fifth-best for per capita park investment and is home to one of the 10 highest percentages of walking commuters among the cities on the list.
Contact Rent Portland Homes
Want more reasons to invest in the Portland Oregon rental market? If so, contact Rent Portland Homes!
We offer full-service property management and can assist you with everything that you need to professionally manage your rental property including tenant screening, selection, maintenance, customer service, rent collection and so much more.
The great thing about working with our company is that you don’t have to live in Portland to own rental properties here. You can easily live out of state and still invest in rental properties with confidence knowing that a professional property management team is going to manage every aspect of your rental property.
To learn more about the property management services that we can offer you, contact us today by clicking here.