Real Estate Investing in Portland: The 411
Posted by Patrik Antich on Wednesday, November 16, 2022 at 6:29:55 AM By Patrik Antich / November 16, 2022 Comment
Interested in Investing in Portland real estate? The Piece of PDX team tells all!
We know we’re biased, but we genuinely believe that Portland is one of the best places in the country. There is something for everyone here – especially for those of you who are looking to invest in real estate. Whether you’re looking for a place to call home or would like to pick up a rental property, Portland is the place to do so. So, what makes investing in Portland real estate worthwhile? We’re here to tell you!
Portland Is Growing
Something so important to look at when deciding to invest in real estate is the future growth potential. When a city grows, demand for housing increases. When demand for housing increases, values go up, up, up! Right now, all signs are pointing to Portland experiencing some massive growth in the next decade, which means equity for homeowners and real estate investors.
Portland’s population has increased by about 42 percent in the last twenty years to about 3.5 million residents, which has caused the economy to boom. Portland has high-paying jobs, which means many current residents who don’t own homes can afford to buy and will likely do so in the coming years.
More Demand For Rentals
If you’re interested in becoming a landlord for long-term rentals, you’re in the right place. As we mentioned before, Portland has high-paying jobs with companies like Columbia Sportswear and Nike calling Portland home. Many of these companies have employees who may not be ready to buy a home, but have the monthly income to afford to rent a place. With a rental property, you’ll receive a nice monthly payment that will cover your property-related expenses, while gaining equity that you can cash in on when the time is right.
Portland Is Unique and Sustainable
One of Portland’s biggest draws is its uniqueness. While many things make Portland stand out from other major cities, its focus on sustainability is arguably one of its biggest draws. We have the most bike paths in the country and are the first city to pass a green tax on corporations. (Antonina, Embrace Someplace)
Not only is sustainability an attractive perk to moving to the area, but it is also incredibly important! Since we are miles ahead of other cities in terms of sustainable living, this should do wonderful things for our property values, making it a great place to invest your hard-earned money.
Want To Learn More About Investing In Portland Real Estate?
Head over to the Piece of PDX blog page for more tips on home maintenance, selling your home for top dollar, design inspiration, community engagement, and MORE!
Thinking about moving to our beautiful city or moving to a new Portland neighborhood? Check out all of our featured community blogs and find the perfect Portland neighborhood for you! Last but not least, REACH OUT! We can’t wait to chat.
Did you catch all that? Here’s the rundown!
- Portland is a great place to invest in real estate.
- Portland is one of the country’s fastest-growing cities, so property values should continue increasing.
- Portland is very rental-friendly.
- We’re a sustainable city, which will help values increase in the future.
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