C
ities across the country are experiencing rising rents and shortages of affordable housing, similar to what Portland is going through. The trend, which also reaches other countries, is at least partly the result of an economic and social shift as people seek to live in urban neighborhoods, whether to reduce transportation costs or enjoy access to food and culture.
Portland, which also has become known as a desirable destination for hipsters, coffee lovers, young families, beer drinkers, retirees and others, has been on the leading edge of the trend in the U.S., in terms of the pace of increase in rent prices. In May, Portland-area rents had risen 17.4 percent year over year, the second-largest jump of the country’s 100 largest metropolitan areas, according to the national online real estate firm Zillow.
Here is a look at how the city of Portland compared with other U.S. cities in August, based on the most recent Zillow data for the average rent for all rental units and the percent increase from August 2014.
San Francisco, $4,310, 13.9 percent
Boston, $2,495, 0.4 percent
New York City, $2,202, 1.3 percent
Denver, $1,908, 10.5 percent
Austin, Texas, $1,885, 6.7 percent
Portland, Oregon, $1,771, 15 percent
South Portland, Maine, $1,671, 11.1 percent
PORTLAND, $1,666, 11.4 percent
Manchester, New Hampshire, $1,665, 14.7 percent
Brunswick, Maine, $1,596, 2.5 percent
Westbrook, Maine, $1,546, 7.2 percent
New Haven, Connecticut, $1,527, 4.8 percent
New Orleans, $1,526, 2.6 percent
Providence, Rhode Island, $1,448, 6.5 percent
Nashville, Tennessee, $1,437, 9.8 percent
Atlanta, $1,379, 12.5 percent
Springfield, Massachusetts, $1,344, 10.8 percent
Baltimore, $1,322, 2.6 percent
Philadelphia, $1,194, 2.3 percent
Richmond, Virginia, $1,157, 4.9 percent
Rochester, New York, $981, 7.9 percent
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