🏘️ Market Dynamics

Demand: The single-family rental market in Portland remains robust, with properties, especially those priced under $500,000, going pending in under 28 days.
Supply: As of April 30, 2025, there were 2,363 active listings in the region, indicating a competitive market environment.
Affluent Renters: There’s a notable increase in wealthy renters in Portland, with nearly 7% of renters classified as affluent in 2023, up from previous years.

📈 Investment Considerations

Investor Interest: High mortgage rates and rising home prices have sidelined many potential buyers, making rental homes an attractive option. Companies like American Homes 4 Rent and Invitation Homes are poised to benefit from this trend.
Built-to-Rent Trend: The trend of renting single-family homes is increasing across the U.S., driven by high mortgage rates and low housing inventory. In 2023, 27,495 single-family homes were constructed in developments intended for rent, a significant rise from pre-pandemic figures.

🏡 Single Family Home Rental Conclusions

The Portland single-family rental market in Spring 2025 is characterized by steady demand, especially in suburban areas like Beaverton and Hillsboro. While average rents have seen slight decreases, the market remains competitive, with properties moving quickly and affluent renters contributing to sustained demand. Investors and landlords should stay informed about regional trends and consider the growing interest in single-family rentals as part of their strategic planning.

🏙️ Citywide Overview Of Multifamily

Average Rent: $1,736/month
Average Apartment Size: 745 sq. ft.
Rent per Sq. Ft.: $2.07
Vacancy Rate: Approximately 4.5%
Rent Growth Forecast: 2% increase in 2025

📍 Neighborhood Rent Averages

The Pearl District: $2,132
Hayden Island: $2,001
South Waterfront: $1,992
Nob Hill – Northwest District: $1,990
Downtown Portland: $1,910
South Tabor: $1,224 (Most affordable)
Portland Heights: $1,229
Parkrose: $1,233

🏘️ Suburban Highlights

Beaverton: $1,930/month
Hillsboro: $2,350/month
Gresham: $1,654/month

💡 Key Trends

Affluent Renters on the Rise: Nearly 7% of Portland renters are classified as wealthy, up from 6.5% in 2019, indicating a shift towards higher-income households choosing to rent.
Long-Term Tenancy Increasing: Approximately 14% of renters have lived in their current homes for at least 10 years, up from 9% a decade ago, reflecting a trend of renters staying put longer.
Limited New Construction: Only 3,200 units are currently under construction, marking the slowest development pace since 2012–2013. This limited supply may contribute to upward pressure on rents.

Note: This infographic is based on data from Spring 2025 and reflects current trends in the Portland Metro Tri Counties region rental market.