How many renters live in Oregon?
The State of Oregon has 50,334 people living in 22,483 households.
There are 13,773 renters living in 6,587 renter households in this State. Renters make up 27.36 percent of the population living in Oregon.
What is the rental market like in Oregon?
There are an estimated 32,094 housing units in the Oregon area. Of these, 7,208 units are rental homes, making up 22 percent of the housing market. For every renter household in Oregon, there are 1 rental units.
What is the vacancy rate for rentals in Oregon?
The rental vacancy rate in Oregon is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Oregon for each bedroom size?
Occupied Rental Units by Size in Oregon
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 454 | 1,264 | 2,827 | 1,678 | 188 |
Occupied Rental Units by Size in Oregon
A large number of apartments in Oregon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Oregon are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 24 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How many units are rented at Fair Market Rent (FMR) in Oregon?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 321 | 71 percent |
| One BR | 879 | 70 percent |
| Two BR | 1,680 | 59 percent |
Rental Units Below FMR in Oregon
How many affordable rental units are in Oregon?
There are a variety of federal affordable housing programs serving households in Oregon including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 529 |
| Public Housing | 99 |
| Section 8 Project-Based Rental Assistance | 166 |
| USDA Section 515 Rural Rental Housing | 144 |
Tracked Units by Federal Program in Oregon
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oregon
Oregon features 24,993 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Oregon
There are 33,333 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oregon.
Housing Choice Vouchers in Oregon
On average, Section 8 Housing Choice vouchers pay Oregon landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Oregon.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oregon for a two-bedroom apartment is between $1,147 and $1,401.
Sourced from federal housing data and AffordableHousingOnline.com research.
