Ranked as the 10 th most expensive state in the U.S. for buying a home, Oregon continues to attract property owners. Attributes such as lifestyle and a booming tech industry add impetus to property sales.
To own a home in Oregon, buyers pay an average of $303.88 per square foot. This high ticket label can be attributed to land-use regulations and geographic constraints, particularly in metropolitan areas such as Portland, where land available for new development is scarce.
NLIHC Says There Are Fewer Than 23 Rental Units Available Per 100 Low-Income Households
The National Low Income Housing Coalition (NLIHC) attributes the high cost of housing in the state to high demand and low availability of housing stock, particularly in desirable areas.
The NLIHC says Oregon’s strict land-use re