How many renters live in Portland, Texas?
The City of Portland has 20,130 people living in 7,066 households.
There are 6,875 renters living in 2,433 renter households in this City. Renters make up 34.15 percent of the population living in Portland.
What is the rental market like in Portland, Texas?
There are an estimated 8,310 housing units in the Portland area. Of these, 2,721 units are rental homes, making up 33 percent of the housing market. For every renter household in Portland, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Portland?
The rental vacancy rate in Portland is 9 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 Portland for each bedroom size?
Occupied Rental Units by Size in Portland
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 32 | 325 | 811 | 842 | 374 |
Occupied Rental Units by Size in Portland
A large number of apartments in Portland 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 Portland are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 21 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 Much Is Rent in Portland
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,030 to $2,066. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,030 |
| One BR | $1,104 |
| Two BR | $1,355 |
| Three BR | $1,763 |
| Four BR | $2,066 |
2024 Fair Market Rents in Portland, Texas
How many units are rented at Fair Market Rent (FMR) in Portland?
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 | 0 | 100 percent |
| One BR | 78 | 24 percent |
| Two BR | 417 | 51 percent |
Rental Units Below FMR in Portland, Texas
How many affordable rental units are in Portland?
Income Based Apartments in Portland, Texas
Portland features 0 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 Portland, Texas
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portland.
Housing Choice Vouchers in Portland, Texas
On average, Section 8 Housing Choice vouchers pay Portland landlords $500 per month towards rent. The average voucher holder contributes $500 towards rent in Portland.
The maximum amount a voucher would pay on behalf of a low-income tenant in Portland, Texas for a two-bedroom apartment is between $1,220 and $1,491.
Sourced from federal housing data and AffordableHousingOnline.com research.
