Department of Numbers

Multnomah County Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Multnomah County OR was $1,199 in 2017 according to the Census ACS survey.1 Average gross rent in Multnomah County was $1,233 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Multnomah County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Multnomah County Oregon (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Oregon Median Gross Rent $1,079 +4.66% +14.06%
Multnomah County OR Median Gross Rent $1,199 +3.18% +18.48%

Multnomah County OR Real Gross Rent Trends

At $1,199, real median gross rent in Multnomah County was at its highest level in 2017 since the series began in 2005. At $1,233, real average gross rent in Multnomah County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Multnomah County OR Median, Multnomah County OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Multnomah County

Date US
Median
Oregon
Median
Multnomah County OR
Median
Multnomah County OR
Average
2017 $1,012 $1,079 $1,199 $1,233
2016 $996 $1,031 $1,162 $1,206
2015 $987 $970 $1,062 $1,141
2014 $956 $946 $1,012 $1,103
2013 $924 $906 $969 $1,055
2012 $912 $889 $921 $999
2011 $912 $880 $918 $988
2010 $927 $884 $909 $978
2009 $931 $905 $961 $1,013
2008 $947 $896 $898 $973
2007 $899 $847 $878 $924
2006 $909 $850 $863 $931

Multnomah County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Multnomah County Oregon was 3.72% according to Census ACS data.

Rental Vacancy Rate in Multnomah County Oregon

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Oregon 3.80% +0.63% +0.23%
Multnomah County OR 3.72% +1.13% +1.89%

Trends in Multnomah County OR Rental Vacancy Rate

The rental vacancy rate in Multnomah County peaked in 2009 at 6.02%. Since then it has fallen by 2.30% to 3.72%. Data records for this series originated in 2005. From a 2014 post peak low of 1.83%, the rental vacancy rate has increased by 1.89%.

Rental Vacancy Rate: Multnomah County OR, Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Multnomah County

Date US Oregon Multnomah County OR
2017 6.18% 3.80% 3.72%
2016 5.89% 3.17% 2.59%
2015 5.85% 3.64% 3.87%
2014 6.32% 3.57% 1.83%
2013 6.49% 4.45% 2.63%
2012 6.77% 4.75% 4.17%
2011 7.40% 5.06% 2.59%
2010 8.17% 5.60% 3.74%
2009 8.43% 6.30% 6.02%
2008 7.86% 5.71% 5.01%
2007 7.87% 5.08% 4.19%
2006 7.70% 5.57% 5.17%

Rent as a Fraction of Income

Using median household income data for Multnomah County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Multnomah County, median monthly gross rent as a fraction of median household income was 22.49% in 2017 according to the ACS.

Multnomah County Oregon Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Oregon 21.50% +0.33% -0.21%
Multnomah County OR 22.49% +0.57% +0.40%

Trends in Multnomah County OR Rent as a Fraction of Income

Multnomah County renters paid 22.49% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Multnomah County OR, Oregon, US

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

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

Date US Oregon Multnomah County OR
2017 20.13% 21.50% 22.49%
2016 20.43% 21.17% 21.92%
2015 20.63% 20.90% 20.91%
2014 20.89% 21.71% 22.09%
2013 20.78% 21.18% 21.08%
2012 20.65% 21.04% 20.69%
2011 20.70% 21.53% 22.42%
2010 20.50% 21.03% 20.96%
2009 20.12% 20.28% 20.54%
2008 19.00% 18.66% 18.26%
2007 18.66% 18.30% 18.93%
2006 18.90% 18.53% 19.12%

Renter Fraction in Multnomah County Oregon

You can calculate the renter fraction in Multnomah County 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 Multnomah County as a fraction of total Multnomah County households. In 2017 44.54% of households were renters according to Census ACS data.

Multnomah County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Oregon 37.20% -1.11% -2.08%
Multnomah County OR 44.54% -2.48% -3.49%

Trends in the Multnomah County OR Renter Fraction

The Multnomah County household renter fraction peaked in in 2014 at 48.03% and is now 3.49% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Multnomah County OR, Oregon, US

Fraction of renters in Multnomah County

History of Multnomah County Renter Fraction

Date US Oregon Multnomah County OR
2017 36.13% 37.20% 44.54%
2016 36.88% 38.31% 47.02%
2015 36.97% 38.91% 45.20%
2014 36.90% 39.28% 48.03%
2013 36.50% 39.17% 46.42%
2012 36.09% 38.44% 46.14%
2011 35.42% 39.22% 47.76%
2010 34.65% 37.45% 45.71%
2009 34.13% 36.95% 45.15%
2008 33.36% 35.66% 40.27%
2007 32.80% 35.41% 40.77%
2006 32.73% 35.22% 41.60%

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.