Rents in the Portland metropolitan area rose 20.45 percent over the last five years, giving the area the sixth-fastest rise in the nation, according to a new study from the National Association of Realtors.
That's roughly twice as rapid an increase as homeowners saw during the same period, according to the study.
In a somewhat surprising note, the realtors' study saw the the incomes of Portland-area renters aged 25-44 nearly kept pace with the rise in rents, gaining 19.53 percent over the last five years. That's better than the national averages, which saw typical rents rise 15 percent while renters' income rose by 11 percent.
In Seattle, for example, incomes rose a little more than 15 percent while rents rose more than 32 percent over the last five years.