After a New York Times real estate article points out that on top of being one of America's most livable cities it is also one of its most affordable, there could be mass migration to Portland.
An analysis by a housing group reveals that rents in Portland are quite affordable compared to many metropolitan areas.
"According to the Metro Multifamily Housing Association, which represents residential property-managers, the average rental price for a studio in the Southeast section is $525, while a two-bedroom apartment leases for $724. In the Northwest area, which includes the trendy Pearl District, studio rentals average $571 and two-bedrooms cost about $971."
"Buying options are comparatively affordable, as well. While the rest of the country has seen housing prices boom and now fall, Portland has remained reasonably stable.
According to the Regional Multiple Listings Service for Oregon, the average sale price for a condominium in September was $257,200, up from $246,800 in 2006. The median price of a single-family detached home was $308,003, compared with $380,200 in the Seattle-Tacoma area, $595,200 in San Diego and $748,100 in the San Francisco Bay area, according to Portland State University's Center for Real Estate."
"As the housing markets in Los Angeles, San Francisco and Seattle remain high, Portland has become one of the few affordable urban options on the West Coast. Couple that with its natural beauty, its activist personality and its creative sensibility and the appeal is clear.
"It's very common that someone will visit a friend," Mr. Rapaport, a downtown developer said, "and then they're moving here three months later."
Thanks to Martin Dreiling
Read the full story: A Small-Town Feel in an Urban Locale
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Colorado’s Largest Data Center Could Rise Next to Homes — Without a Public Hearing
The proposed campus would consume 11 times the power of Denver International Airport; as it has across the country, opposition mounts.
'This is going to be painful:’ Virginia stares down $1.7 billion funding gap for highway maintenance
The state may address the deficit by shifting $290 million from its construction budget to maintenance projects.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
KFH Group Inc.
Greater Baltimore Committee
Eagle County Government
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello