(March 25, 2022) Multifamily NW and ECONorthwest updated a recent report on the loss of single-family residential rentals this week. The report confirms the loss of rentals throughout Portland and the larger metro area.
“The loss of the detached rental stock is widespread across the region, with 90% of tracts having fewer units today than in 2014. The number of units lost was more heavily concentrated in neighborhoods with lower home prices across the region,” reads the new report titled, “Single family detached rental housing trends from 2015 to 2020 in the Portland Metro region.”
According to the report, 3,987 rental houses were removed from rental inventory in Portland from 2015 to 2020. The total loss of rental homes in the region was 6,417. Read more.
The report is similar to one conducted in Seattle, showing a significant drop in rental unit registrations.
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