How affordable is the Portland Real Estate Market?

Nationally, you’d have to go back more than 50 years to find a more affordable time to buy a home in America. Locally, in Portland’s real estate market, you’d have to go back even farther. Affordability is an easy measurement. Basically, affordability is simply the percentage of a family’s income that goes towards a home mortgage payment. Nationally in 2010 14.2% of people’s income went to pay their home mortgage. In 2011 that percentage shrunk even farther to 13%.

In the Portland real estate market the numbers are even better: 13.9% in 2010 and a huge drop in 2011, all the way down to 11.4%. It might be a good idea to talk to your local Portland real estate agent today! Especially considering it is now cheaper to own a home than to rent in Portland, Oregon.

Need Portland real estate help?
Contact Stephen FitzMaurice, Portland Realtor
503-714-1111

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What My Clients Are Saying

When my wife and I decided to sell our home we started to search for agents who work for less than the 6% standard commission. Slightly skeptical, I decided to call Stephen for a consultation. Stephen came very prepared with comp sales, marketing techniques, and several other items pertaining to the sale I never would have considered. We sold in six days.
Denny