Why does it cost soo much to buy a house in the Portland, Oregon area?
I mean any house even out in milwaukie, or Oregon city that comes for sale for under $300,000 unless the place is a total dump sells right away, Even ones that are under $400,000 often sell quickly too.
- Landlord365Lv 51 year agoFavorite Answer
Everything in or close to Portland has skyrocketed in recent years. Like others said- it is supply & demand. Lots of demand + not much supply = $$$$$$$$
A lot of people live farther out from the city & commute. I have managed apartments in the surrounding area of Portland for 5 yr and have had many tenants that lived out as far as McMinville & commute to Portland.
- 1 year ago
Californians moving here.
- 1 year ago
The cost of buying a house in Oregon has steadily increased. The low vacancy rates have driven up both the housing costs and the homelessness there.
- sunshine_melLv 71 year ago
Supply vs demand
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- SlickterpLv 71 year ago
Demand. Simple as that.
- Anonymous1 year ago
Because there is no sales tax so the state rapes on property tax.
The prices are always high in big cities. Plus you have liberals constantly demanding more tax increases.
- No MercyLv 71 year ago
sounds not that expensive to me. normal price to compare to all the europe. probably u re used to low american prices in usa
- SumDudeLv 71 year ago
supply and demand; good jobs in the area; clean air; beautiful scenery and many outdoor activities; limited amount of land to build on; it is not California (yet)
- Mr. SmartypantsLv 71 year ago
It's a very desirable area. Lots of people want to live there. Unemployment is low. There's a lot to do and see in the area. I could live in Portland myself. And it's cheap compared to much of the rest of the West Coast.
There's lots of much cheaper places in the US. Why are they cheaper? Because people are moving OUT, not clamoring to get IN.
- DCM5150Lv 71 year ago
Sounds cheap. I live in an attached house (i.e. sort of a duplex) under 2000 sq ft and right now my house is valued at $1.2 million.