Department of Numbers

Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Oregon was $943 in 2015 according to the Census ACS survey.1 Average gross rent was $975 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Oregon median and average rent data will be released in September of 2017.

Data is also available below for Oregon rental vacancy rates, Oregon rent as a percent of median income and the fraction of renters in Oregon.

Show dollars as: Nominal Real

Real Gross Rent in Oregon (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Oregon Median Gross Rent $943 +2.50% +9.14%

Oregon Real Gross Rent Trends

At $943, real median gross rent in Oregon was at its highest level in 2015 since the series began in 2005. At $975, real average gross rent in Oregon was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Oregon: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Oregon

Date US Median Oregon Median Oregon Average
2015 $959 $943 $975
2014 $930 $920 $958
2013 $898 $881 $925
2012 $886 $864 $898
2011 $887 $855 $890
2010 $901 $860 $895
2009 $905 $880 $911
2008 $920 $871 $901
2007 $874 $823 $846
2006 $883 $826 $862
2005 $858 $812 $834

Oregon Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Oregon was 3.64% according to Census ACS data.

Rental Vacancy Rate in Oregon

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Oregon 3.64% +0.07% -1.11%

Trends in Oregon Rental Vacancy Rate

The rental vacancy rate in Oregon peaked in 2005 at 6.39%. Since then it has fallen by 2.75% to 3.64%. Data records for this series originated in 2005. From a 2014 post peak low of 3.57%, the rental vacancy rate has increased by 0.07%.

Rental Vacancy Rate: Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Oregon

Date US Oregon
2015 5.85% 3.64%
2014 6.32% 3.57%
2013 6.49% 4.45%
2012 6.77% 4.75%
2011 7.40% 5.06%
2010 8.17% 5.60%
2009 8.43% 6.30%
2008 7.86% 5.71%
2007 7.87% 5.08%
2006 7.70% 5.57%
2005 7.74% 6.39%

Oregon Rent as a Fraction of Income

Using median household income data for Oregon, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oregon, median monthly gross rent as a fraction of median household income was 20.90% in 2015 according to the ACS.

Oregon Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Oregon 20.90% -0.81% -0.14%

Trends in Oregon Rent as a Fraction of Income

The fraction of median Oregon household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.71%. Since then it has fallen by 0.81% to 20.90%.

Fraction of Income towards Rent: Oregon, US

Percent of median household income going towards median monthly gross rent in Oregon

Historical Data for Annual Rent as a Fraction of Income in Oregon

Date US Oregon
2015 20.63% 20.90%
2014 20.89% 21.71%
2013 20.78% 21.18%
2012 20.65% 21.04%
2011 20.70% 21.53%
2010 20.50% 21.03%
2009 20.12% 20.28%
2008 19.00% 18.66%
2007 18.66% 18.30%
2006 18.90% 18.53%
2005 18.89% 19.25%

Renter Fraction in Oregon

You can calculate the renter fraction in Oregon 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 Oregon as a fraction of total Oregon households. In 2015 38.91% of households were renters according to Census ACS data.

Oregon Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Oregon 38.91% -0.37% +0.47%

Trends in the Oregon Renter Fraction

The Oregon household renter fraction peaked in in 2014 at 39.28% and is now 0.37% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Oregon, US

Fraction of renters in Oregon

History of Oregon Renter Fraction

Date US Oregon
2015 36.97% 38.91%
2014 36.90% 39.28%
2013 36.50% 39.17%
2012 36.09% 38.44%
2011 35.42% 39.22%
2010 34.65% 37.45%
2009 34.13% 36.95%
2008 33.36% 35.66%
2007 32.80% 35.41%
2006 32.73% 35.22%
2005 33.10% 36.22%

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.