Wednesday, May 11, 2022

Portland Rents Are Up, But Not as Much as the Rest of the State

Apartment List reports the following average year-over-year rent increases for April, 2022:

United States: 16.3%

Oregon Statewide Average: 11.5%

Hillsboro: 18.7%
Beaverton: 17.5%
Eugene: 16.5%
Vancouver, WA: 12.3%
Portland, 7.5%

Bellevue - 21.5%
Renton - 18.8%
Kent - 17.5%
Everett - 16.1%
Auburn - 16.1%
Seattle - 16.0%
Federal Way - 15.2%
Puyallup - 14%
Lakewood - 10.9%
Tacoma - 8.4%

Read more about Apartment List's new methodology and its attempt to exclude a bias towards luxury units, which skews these numbers higher.  Whether or not these numbers reflect reality is the subject of debate, but they do provide an interesting look at which submarkets may be trending higher than others at this moment in time. 

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