Portland Riverfront MultifamilyApartments Oregon Investment

Portland, Oregon has gained an average of 30,000 people per year since 1990

Recent population estimates from the U.S. Census Bureau show Portland metro’s population growth rate was 0.9% – which translates to about 430 new residents moving to Rose City every week. 

Christian Kaylor, Economist for the State of Oregon Employment Department, adds that Portland is now the 25th largest US city, up from 29th place in 2010. Portland has grown by 12 percent since 2010. At least 3 cities in the region have grown even faster: Hillsboro, Oregon City and Tigard. An a net basis, the population growth of 67,679 in Portland is larger than the population growth in the next 9 Portland area cities combined.

After seeing slower job growth in 2018, Portland is now seeing signs of stronger job growth.  Even with unemployment rates of below 4 percent for the last two year, a handful of industry sectors are enjoying remarkable job growth. Transportation and Warehousing (11.2%), Construction (5.9%), Manufacturing (3.5%) and Healthcare (3.0%).

View/Download the full Multnomah Economic Indicators – May 2019.