Portland s population is 2.5M, with a total workforce of 1.2M. The labor market grew by 21,900 jobs over the past year, up by 1.8%. The median household income in Portland is $75,739, 5.3% higher than last year and 19.9% above the national average of $63,179.
In the housing market, total permits issued totaled 15,802 over the last twelve months, up 2.2% year-over-year. Portland has 291 active new home projects on the market, 19.8% more than the 243 from last year. The average list price in the market is $492,034, 3.4% lower than last year and 64.3% above the national average. Over the last three months, new home contracts increased by 23.2% to 1,089. Vancouver and Portland had the highest concentration of the new home contracts in the Portland market.