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Urban Studies and Planning Commons

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Urban Studies and Planning Faculty Publications and Presentations

Gentrification -- Oregon -- Portland

Public Policy

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Full-Text Articles in Urban Studies and Planning

Preserving Housing Choice And Opportunity: A Study Of Apartment Building Sales And Rents, Seyoung Sung, Lisa K. Bates Nov 2017

Preserving Housing Choice And Opportunity: A Study Of Apartment Building Sales And Rents, Seyoung Sung, Lisa K. Bates

Urban Studies and Planning Faculty Publications and Presentations

NOAH sales show precariousness of this rental housing at a regional scale.

  • Active transactions of multifamily rental properties have been disproportionately NOAH. There have been over two thousand transactions of NOAH buildings in the Portland metro area from 2006 to 2017 — over 68,000 units of housing. These sales are accelerating, with over 20 percent occurring in just the last 18 months.
  • Sales prices for multifamily rental properties have increased substantially, making preservation of affordable rents more challenging. Regionally, the average sale price increased by 78 percent between 2010 and 2017; during this period there was a 43 percent increase ...