NW Oregon coastal residents being priced out of homes, study confirms

It isn’t that there is a shortage of housing in Northwest Oregon’s Clatsop County; it is that a lot of the housing is out of reach to year-round residents.

Preliminary results from a housing study conducted by Portland consulting firm Johnson Economics confirms what many residents could already feel: People are being priced out of both rentals and homes for sale, and second-homes and short-term rentals are tying up housing and driving up prices. A 27 percent vacancy rate in the county is attributed largely to second homes. 

Housing Rural Oregon series logohttps://news.streetroots.org/2019/04/12/nw-oregon-coastal-residents-being-priced-out-homes-study-confirms

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NW Oregon coastal residents being priced out of homes, study confirms

It isn’t that there is a shortage of housing in Northwest Oregon’s Clatsop County; it is that a lot of the housing is out of reach to year-round residents.

Preliminary results from a housing study conducted by Portland consulting firm Johnson Economics confirms what many residents could already feel: People are being priced out of both rentals and homes for sale, and second-homes and short-term rentals are tying up housing and driving up prices. A 27 percent vacancy rate in the county is attributed largely to second homes. 

Housing Rural Oregon series logohttps://news.streetroots.org/2019/04/12/nw-oregon-coastal-residents-being-priced-out-homes-study-confirms

This entry was posted in Oregon Coast News. Bookmark the permalink.

Leave a Reply