Housing Report for Portland-Vancouver-Beaverton

The residential home values in Portland-Vancouver-Beaverton, Oregon have seen large increases since the Census values accounted for in the year 2000. The values have increased by $63,000, or 38.1 percent, from their 2000 median values of $165,400.

Looking across the State of Oregon, Portland-Vancouver-Beaverton ranks 3 of the 6 metro areas by percentage growth in residential real estate. The metro area is positioned 148 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.

In Portland-Vancouver-Beaverton, the U.S. Census Bureau, Population Division accounted for a total of 857,370 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding a total of 51,425 residential structures since 2001, a change of 6.4 percent.

Portland-Vancouver-Beaverton can be understood as having a relatively high proportion of high-valued homes. For the year 2005, the American Community Survey reported that 8.5 percent of the areas residential property was valued over $500k.

Portland-Vancouver-Beaverton recorded a median home value in 2005 of $228,400, reported by the American Community Survey. This median is greater than the overall State of Oregon 2005 median owner-occupied dwelling value of $201,200 and greater than median home value of $167,500 across the nation during that year.

According to the data, there is a limited amount of affordable housing in Portland-Vancouver-Beaverton, Oregon. In 2005, only 9.1 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

Employment Report for Portland, Oregon -- Annual 2005 Industry Summary

A well-paying sector in Portland is the information sector paying an annual wage of $62,415. Throughout the MSA since the year 2001, the industry annual average pay has grown by 13.3 percent or $7,321. The State of Oregon holds the same job market in the information sector, placing at the top of industries in terms of 2004 annual average wages.

Accommodation and food services saw the biggest increase in jobs since the year 2001 in Portland, with an employment growth of 5.3 percent. This is less than the rate of industry employment change in the United States of 7.6 percent. The State of Oregon faced a industry job change of 6.5 percent, in the recent period of 2001-2005.

Management of companies and enterprises has a largest number of employees per establishment in Portland MSA. In the region, the industry averages 43 jobs per place of business. This is greater than the industry's average at the national level of 40 and greater than the State of Oregon average of 32 for the Management of companies and enterprises industry.

In Portland, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing is the largest employment industry and makes up 14.5 percent of all the jobs in the Metropolitain Area. This makes up 122,592 people employed. The Retail Trade and Accommodation and food services sectors provide 12.3 and 9.1 percent of industry employment.

The Health care and social assistance industry decreased the most in percent of total employment in the Portland Metro Area, from the year 2001 to 2005, accounting for 10.4 percent of total employment in 2001 to 0 percent of employment in 2005.

In Portland, Management of companies and enterprises, Agriculture, forestry, fishing and hunting and Manufacturing industries, in terms of United States location quotient, are the most dominant in the region. The Management of companies and enterprises sector has a United State LQ of 1.6. The level of employment in the Management of companies and enterprises sector is 1.6 times the percent of the national average, This signifies that Portland may be an exporter of products or services of Management of companies and enterprises.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).