Portland s population is 2.5M, with a total workforce of 1.2M. The labor market grew by 20,100 jobs over the past year, up by 1.7%. The median household income in Portland is $76,380, 6.2% higher than last year and 24.5% above the national average of $61,372.
In the housing market, total permits issued totaled 15,257 over the last twelve months, down 8.2% year-over-year. Portland has 224 active new home projects on the market, 17.3% more than the 191 from last year. The average list price in the market is $493,079, 1.7% lower than last year and 57.6% above the national average. Over the last three months, new home contracts increased by 4.8% to 1,034. Vancouver and Portland had the highest concentration of the new home contracts in the Portland market.