I extracted that metro data from a related PDF file and imported into Excel and THEN added median household income by tenure also from the 2012 ACS. That workbook is HERE and embedded below.
- NAHB data shows that the median home value ($249,300) for Portland ranks as the 41st highest among metro areas while the Portland metro median owner occupied income ($75,576) ranks only the 59th highest. The Portland metro home ownership rate (60.5%) ranks as the 305th among 384 metro areas in the NAHB data.
- I calculated that the ratio of renter median household income to owner occupied median household income for most of Oregon's metro areas is 45-46%, which is also the unweighted median I calculated for all US metro areas I analyzed (366 metro areas vs 384 metro areas in NAHB's universe). However, the calculated renter to homeowner household income ratio for the Corvallis metro area was only 27%, substantially lower than Eugene's 46%.
- Using this ratio of renter median household income to owner occupied median household income the Portland metro area ranked 178 out of 366 metro areas I analyzed, just about in the middle while the renter to homeowner median household income ratio for Corvallis ranked dead last among all 366 metro areas I analyzed.
Originally created and posted on the Oregon Housing Blog.