The Portland Metro Area is known for its extremely well-educated workforce and is listed among the top-20 U.S. cities with the most residents holding advanced degrees. The diversified job market and high quality of life continue to attract new employers and residents, supporting strong rental demand. As of the first quarter of 2023, market rent in Portland has reached $1,610/unit, reflecting year-over-year growth of 3.7%. By comparison, the national index posted average growth of 3.2% over the same period.
