Portland has boasted a strong housing market for years. Any amateur investor knows this. But here’s the big news for real estate investors: According to Oregon’s largest newspaper, The Oregonian, 94% of Portland homes would sell for more now than during the housing bubble in the 2000s.
And yes, this pricing trend is far above the national average. Compare these home prices to those of the rest of the nation: 48% of homes nationwide are selling at the same rate.
What does this mean for Portland real estate investors? 9 out of 10 Portland homes are more valuable now than ever before.
Why is Portland housing in such high demand?
While seasoned real estate investors know Portland as one of the hottest housing markets to invest in, new investors can hop in the game too. No matter what’s going on with the national housing market, Portland, Oregon will always be in high demand. Why? Because of its strong local economy, highly-rated schools, culture and entertainment amenities, and more. Take a look at just a few reasons why Portland remains one of the most desirable places in the Pacific Northwest to live and invest:
Portland, Oregon is a young professional’s paradise
Portland attracts young professionals for a reason. From Nike to Intel, Boeing and Daimler Trucks North America, the city’s major industries provide a constant stream of high-paying jobs that encourage growth and relocation. These predominantly college-educated, single professionals have large disposable incomes and are looking to spend their hard-earned cash on food and entertainment.
In addition to high-paying jobs and plenty of neighborhood amenities, these prospective homebuyers tend to care deeply about local school ratings, crime rates and ease of work commute. With Portland’s low violent crime rates and well-funded schools, it’s no surprise that Bridge City attracts these highly sought after home buyers.
Join Portland real estate investors
Itching to jump into the Portland real estate market? Whether you’re a seasoned investor or brand new to real estate investment, investing with a group allows you to become a player in the housing market without dealing with landlord responsibilities and tenant headaches.
Portland Development Group is your trusted source for property investment, home building and redevelopment, and home selling in the City of Roses. To learn more about our investment portfolio and history of success in property development, contact us today.