Metro Forecasts Portland Area Needs 7,000 New Apartments Annually 2010-2035 To Meet Demand

When considering the number of apartments under construction in the Portland metro area, a quick look at housing need forecasts by Metro are informative.

In 2012, Metro forecast housing in the seven county PMSA would need to grow by 175,316 multifamily units between 2010 and 2035 to keep up with population growth, equating to 7,012 units per year. The total number of multifamily units forecast to be needed within the urban growth boundary is 147,879 or 5,915 per year. The City of Portland will require an average of 3,966 units per year to meet expected demand.

Boundary Area	2010 Multifamily Households	2035 Multifamily HH Estimate	Total Increase	Annual Avg. Increase
Portland	104,897	204,050	99,153	3,966
Hillsboro	14,251	23,211	8,960	358
Beaverton	21,953	30,479	8,526	341
Gresham	18,243	25,656	7,413	296
Inside Urban Growth Boundary	236,346	384,225	147,879	5,915
Outside Urban Growth Boundary	47,872	64,185	20,713	828
Four-County Total (Clackamas, Multnomah, Washington & Clark)	284,218	459,534	175,316	7,012
Tri-County Total (Oregon)	240,746	395,348	154,602	6,184

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