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

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You're looking to buy a house and reading reviews because this is a major decision. We entered the market to purchase a home very inexperienced and skeptical. We now own a house thanks to Stephen and his network. Stephen will be our first choice whenever we decide to buy or sell a property in the future.
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