Oregon
Ranked #44 of 51 for housing affordability
Median Home Price
🏠$485K
6.05x income
Median Rent
🔑$1,481
35.5% rent-burdened
Median Income
💰$80K
Population: 4,240,137
Homeownership
🏡63.0%
18,855 experiencing homelessness
Housing Shortage
📉110,000
units needed
Building Permits (2024)
🔨14,621
Price-to-Income
📊6.05x
Severe Rent Burden
⚠️17.8%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1705) is above the state median rent ($1481) — vouchers cover typical rents.
Metros in Oregon
Market Trends
Homeownership Rate
63.0%
Rent-to-Income Ratio
22.0%
of gross income spent on rent
Total Households
1,752,050
Owner-Occupied
1,111,597
Renter-Occupied
640,453
Homelessness
Latest Count (2024)
22,875
1-Year Change
+13.6%
10-Year Trend (2015–2024)
+73.0%
13,226 → 22,875
Housing Policies
Construction Activity
Total Permits (2024)
14,621
1.0% of national total
Single-Family
9,810
67% of state permits
Multi-Family
4,811
33% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
110,000
units needed
National Shortage
7,300,000
1.5% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Oregon burden rates with national demographic breakdown
Cost-Burdened Renters
35.5%
paying >30% of income
Severely Burdened
17.8%
paying >50% of income
Households >30% Burden
167,852
Households >35% Burden
34,473