How affordable is the Portland Real Estate Market?

Nationally, you’d have to go back more than 50 years to find a more affordable time to buy a home in America. Locally, in Portland’s real estate market, you’d have to go back even farther. Affordability is an easy measurement. Basically, affordability is simply the percentage of a family’s income that goes towards a home mortgage payment. Nationally in 2010 14.2% of people’s income went to pay their home mortgage. In 2011 that percentage shrunk even farther to 13%.

In the Portland real estate market the numbers are even better: 13.9% in 2010 and a huge drop in 2011, all the way down to 11.4%. It might be a good idea to talk to your local Portland real estate agent today! Especially considering it is now cheaper to own a home than to rent in Portland, Oregon.

Need Portland real estate help?
Contact Stephen FitzMaurice, Portland Realtor
503-714-1111

AUTHOR

Stephen FitzMaurice

Stephen FitzMaurice, Realtor is a top 5% real estate agent in the U.S. and a top 1% agent in the Portland Metro. Principal Broker in Oregon, Managing Broker in Washington he has been licensed since 2003 for residential real estate sales in the Portland Metro area. Call him direct: 503-714-1111.

Pay less (4.5% commission max.) and get more with his top 1% listing team or buy your next home with his excellent top 1% buyer’s team. We work from Salem, Oregon to Vancouver, Washington and beyond. Check out our full services areas on the top menu.