Overview
Portland is well known for its exceptional climate and rose gardens. It is also the largest city in the State of Oregon. This city is also called as ‘The City of Roses’, ‘River City’ and ‘Bridge Town’. It has a population of approximately 600,000 and there are about 4000 people per square mile.
There is another peculiarity that the city of Portland is famous for and that is the labyrinth of underground tunnels that lead from the Willamette River to inland. In the 19t century people were drugged and enslaved to work on ships. These tunnels attract a lot of visitors today. The population in Protland consists of about 76% whites, while about 14% are blacks and Asians. There is steady job rate growth of about 6% that indicates economic development. The cost of living in Portland is about 12% more than a regular average US city.
Portland Real Estate
Since the economy is looking up and the climate in Portland, Oregon is great this is a great place to relocate in. The real housing and estate show an appreciation of 21 percent approximately which gives good odds for investment in real estate. The approximate value of a regular home in Portland would be around US $300,000. The houses in Portland are contemporary in their design and very comfortable. You would be to find anything you would prefer both in terms of budget and architectural design. There are individual houses, condominiums, apartments and so on.
How to rent or buy in Portland
Those who wish to relocate in Portland would benefit from buying property in Portland. People who live in rented houses in Portland make for 42 percent while the rest own the property they live in. A real estate agent or broker would be the best way to find a house or property for yourself. With an appreciation rate of 21%, investing in real estate in Portland seems to be a great idea.
