Multnomah County Oregon Residential Rent and Rental Statistics
The median monthly gross residential rent in Multnomah County OR was $1,312 in 2019 according to the Census ACS survey.1 Average gross rent in Multnomah County was $1,333 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Multnomah County median and average rent data will be released in September of 2021.
Data is also available below for Multnomah County rental vacancy rates, Multnomah County rent as a percent of median income and the fraction of renters in Multnomah County.
Real Gross Rent in Multnomah County Oregon (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oregon Median Gross Rent | $1,185 | +3.04% | +11.48% |
| Multnomah County OR Median Gross Rent | $1,312 | +0.69% | +9.52% |
Multnomah County OR Real Gross Rent Trends
At $1,312, real median gross rent in Multnomah County was at its highest level in 2019 since the series began in 2005. Average gross rent for Multnomah County peaked in real terms in 2018 at $1,333 and is now $0 (0.00%) lower.
Real Gross Rent: Multnomah County OR Median, Multnomah County OR Average, Oregon Median, US Median
Real Gross Rent History for Multnomah County
| Date | US Median |
Oregon Median |
Multnomah County OR Median |
Multnomah County OR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,185 | $1,312 | $1,333 |
| 2018 | $1,077 | $1,150 | $1,303 | $1,333 |
| 2017 | $1,043 | $1,113 | $1,236 | $1,271 |
| 2016 | $1,027 | $1,063 | $1,198 | $1,244 |
| 2015 | $1,017 | $1,000 | $1,095 | $1,176 |
| 2014 | $986 | $976 | $1,043 | $1,137 |
| 2013 | $953 | $934 | $999 | $1,088 |
| 2012 | $940 | $917 | $950 | $1,030 |
| 2011 | $941 | $907 | $946 | $1,019 |
| 2010 | $955 | $912 | $938 | $1,008 |
| 2009 | $960 | $933 | $990 | $1,044 |
| 2007 | $927 | $873 | $906 | $953 |
| 2005 | $910 | $861 | $870 | $936 |
Multnomah County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Multnomah County Oregon was 4.33% according to Census ACS data.
Rental Vacancy Rate in Multnomah County Oregon
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oregon | 4.00% | -0.35% | +0.83% |
| Multnomah County OR | 4.33% | -2.10% | +1.74% |
Trends in Multnomah County OR Rental Vacancy Rate
The rental vacancy rate in Multnomah County peaked in 2018 at 6.43%. Since then it has fallen by 2.10% to 4.33%. Data records for this series originated in 2005.
Rental Vacancy Rate: Multnomah County OR, Oregon, US
Historical Rental Vacancy Rate data for Multnomah County
| Date | US | Oregon | Multnomah County OR |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 4.33% |
| 2018 | 6.15% | 4.35% | 6.43% |
| 2017 | 6.18% | 3.80% | 3.72% |
| 2016 | 5.89% | 3.17% | 2.59% |
| 2015 | 5.85% | 3.64% | 3.87% |
| 2014 | 6.32% | 3.57% | 1.83% |
| 2013 | 6.49% | 4.45% | 2.63% |
| 2012 | 6.77% | 4.75% | 4.17% |
| 2011 | 7.40% | 5.06% | 2.59% |
| 2010 | 8.17% | 5.60% | 3.74% |
| 2009 | 8.43% | 6.30% | 6.02% |
| 2007 | 7.87% | 5.08% | 4.19% |
| 2005 | 7.74% | 6.39% | 5.05% |
Rent as a Fraction of Income
Using median household income data for Multnomah County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Multnomah County, median monthly gross rent as a fraction of median household income was 21.60% in 2019 according to the ACS.
Multnomah County Oregon Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oregon | 21.21% | -0.17% | +0.03% |
| Multnomah County OR | 21.60% | +0.02% | -0.32% |
Trends in Multnomah County OR Rent as a Fraction of Income
The fraction of median Multnomah County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 22.49%. Since then it has fallen by 0.89% to 21.60%.
Fraction of Income towards Rent: Multnomah County OR, Oregon, US
Historical Data for Annual Rent as a Fraction of Income in Multnomah County Oregon
| Date | US | Oregon | Multnomah County OR |
|---|---|---|---|
| 2019 | 20.03% | 21.21% | 21.60% |
| 2018 | 20.50% | 21.38% | 21.58% |
| 2017 | 20.13% | 21.50% | 22.49% |
| 2016 | 20.43% | 21.17% | 21.92% |
| 2015 | 20.63% | 20.90% | 20.91% |
| 2014 | 20.89% | 21.71% | 22.09% |
| 2013 | 20.78% | 21.18% | 21.08% |
| 2012 | 20.65% | 21.04% | 20.69% |
| 2011 | 20.70% | 21.53% | 22.42% |
| 2010 | 20.50% | 21.03% | 20.96% |
| 2009 | 20.12% | 20.28% | 20.54% |
| 2007 | 18.66% | 18.30% | 18.93% |
| 2005 | 18.89% | 19.25% | 19.53% |
Renter Fraction in Multnomah County Oregon
You can calculate the renter fraction in Multnomah County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Multnomah County as a fraction of total Multnomah County households. In 2019 45.48% of households were renters according to Census ACS data.
Multnomah County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oregon | 37.12% | -0.39% | -1.19% |
| Multnomah County OR | 45.48% | -0.80% | -1.54% |
Trends in the Multnomah County OR Renter Fraction
The Multnomah County household renter fraction peaked in in 2014 at 48.03% and is now 2.55% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Multnomah County OR, Oregon, US
History of Multnomah County Renter Fraction
| Date | US | Oregon | Multnomah County OR |
|---|---|---|---|
| 2019 | 35.89% | 37.12% | 45.48% |
| 2018 | 36.05% | 37.51% | 46.28% |
| 2017 | 36.13% | 37.20% | 44.54% |
| 2016 | 36.88% | 38.31% | 47.02% |
| 2015 | 36.97% | 38.91% | 45.20% |
| 2014 | 36.90% | 39.28% | 48.03% |
| 2013 | 36.50% | 39.17% | 46.42% |
| 2012 | 36.09% | 38.44% | 46.14% |
| 2011 | 35.42% | 39.22% | 47.76% |
| 2010 | 34.65% | 37.45% | 45.71% |
| 2009 | 34.13% | 36.95% | 45.15% |
| 2007 | 32.80% | 35.41% | 40.77% |
| 2005 | 33.10% | 36.22% | 42.99% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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