Portland s population is 2.5M, with a total workforce of 1.2M. The labor market grew by 22,300 jobs over the past year, up by 1.8%. The median household income in Portland is $78,575, 3.9% higher than last year and 24.4% above the national average of $63,179.
In the housing market, total permits issued totaled 15,773 over the last twelve months, up 9.5% year-over-year. Portland has 275 active new home projects on the market, 0.7% more than the 273 from last year. The average list price in the market is $490,406, 3.2% lower than last year and 41.8% above the national average. Over the last three months, new home contracts increased by 43.2% to 1,441. Vancouver and Portland had the highest concentration of the new home contracts in the Portland market.