The Portland-Salem CPI for the first half of 2017 is up 4.4% from the first half of 2016.
The RENT component of CPI however is up 8.4% for that same period.
Since the first half of 2007, the RENT component of the Portland-Salem CPI is up by 52.4%.
Interestingly the HUD 2 BR FMR for Portland is up by an even higher 68.5% from 2007-2017 aided by a substantial jump of 21.1% in 2017.
All of this is shown in the table pasted below:
The table below compares the cumulative % increases in rent of primary residence for both Portland and the US from the 1st half of 2007 to the 1st half of 2017. The cumulative 52.4 % increase for Portland Salem is 68% HIGHER than the US increase of 31%.
Originally created and posted on the Oregon Housing Blog.