Portland in the state of Oregon is the largest and most populous city in the United States. It is a major port and it was the 26th most populated city in the United States with an estimated population of 654,741 in 2019.

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Portland was the first city to enact a comprehensive plan to reduce carbon dioxide emissions, which put the city on the 10th spot as the greenest city in the nation. Its climate which is warm, dry summers and cool, rainy winters is ideal for growing roses, giving Portland the monicker "City of Roses" for over a century.

Economy

Portland is beneficial for several industries for its relatively low energy cost, accessible resources, and efficient transportation facilities, whether land, water and air. Some of the world’s biggest names in athletic or outdoor gear and footwear manufacturing are headquartered in Portland, such as Nike, Adidas, Columbia Sportswear, LaCrosse Footwear, and Dr. Martens.

With more than 1,200 technology companies existing within the metro, Portland is named as Silicon Forest, describing Portland area for the abundance of trees in the region and to the Silicon Valley region in Northern California. Intel is Portland's largest employer, providing jobs for more than 20,000 people.

Breweries are another major industry in Portland. Home to 139 breweries and microbreweries, the city boats a robust coffee culture with over 20 coffee roasters that now rivals Seattle.

Households

As of 2020, there were around 665,000 people living in the city, organized into more or less 260,000 households. Portland metropolitan area has a population growth of 1.14% between 2019 and 2020, and this is expected to continue over the next 50 years.

The median income for a household in the city was around $35,000 in 2019 and around 14% of the population were below the poverty line. 

Since 2016, home prices in Portland grew faster than in any other city in the United States, where the average home prices bolt to $542,000 in February 2021. The rise of people moving to Portland impacts housing availability. Because of the demand for affordable housing and influx of new residents, apartment rental becomes popular. In fact according to Zumper, 46% of housing units are renter occupied as of March 2021, and the average rent for a 1-bedroom apartment is currently $1,375, that’s 1% decrease versus the previous year. 

The booming economy, plethora of good job opportunities, nice climate and great neighborhood makes living in Portland easier. But as what the data shows, you might be better off renting in the city. Using a reliable rental marketplace such as Zumper will help you find the right one for you and for your family. The app which is used by millions of renters to find houses, rooms, condos, or apartments for rent offers quality listings wherein the inventory is updated real-time. Application is easy and convenient as it can be done online. Interface is very user-friendly and for real-time alerts, you just need to filter by location, price range, bedroom count, pet-friendly, or amenity and set an alert to get notifications when a new listing is posted.

Amidst this pandemic, businesses survive in Portland because of the city’s continued fight against COVID-19, where vaccinations can be done even in airports.