Monday, August 7, 2017

PDX Rent CPI UP 8.4% in 12 months and PDX HUD 2 BR FMR Has Kept Pace Since 2007. PDX CPI Cumulative Rent Increase Since 2007 is 68% HIGHER than US.

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

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