Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
Good news! Portland’s real estate market is brawnier than ever, with nearly 10,000 home sales in 2014 and a median price of $305,000—a rip-roaring 9 percent spike (or $25K) from the year before.
As a guide to this wild scene, we once again ran the numbers on home sales, demographics, transportation, and crime for Portland’s neighborhoods and suburbs. This year, we include new stats on livability and urban migration. (Boise has the biggest share of bike commuters, and 8 percent of today’s Portlanders lived in another state or different Oregon county just last year.)
Whether you’re a first-time buyer, looking for a bigger place, downsizing, or renting, Portland has a hood to make you happy. Just ask the city’s very busy real estate agents—like we did. Here’s where they choose to live, and where they’d bet on Portland’s long-term growth.