Portland is ranked among the best real-estate markets in the U.S.
According to a recent study completed by WalletHub, Portland is ranked as the 39th best real-estate market in the country out of 300 ranked markets.
“Home prices and rental rates vary widely across the U.S. based on supply and demand. But if you aim for long-term growth, equity and profit, you’ll need to look beyond tangible factors, such as square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, however, they hold far less significance than historical market trends and the economic health of residents,” said WalletHub.
- 45th Best – Real-Estate Market
- 94th Best – Affordability & Economic Environment
Portland is ranked behind Lexington, Kentucky and Salt Lake City, Utah who rank 37th and 38th respectively.
Portland ranks ahead of Charleston, South Carolina, and Lakewood, Colorado who rank 40th and 41st respectively.
Frisco, Texas is ranked as the best real estate market in the country, while Newark, New Jersey is ranked as the worst.
In order to determine the best real-estate markets, WalletHub’s analysts compared 300 cities across two key dimensions, including “Real-Estate Market” and “Affordability & Economic Environment.”
They evaluated those dimensions using 21 relevant metrics. Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market.
Finally, they determined each city’s weighted average across all metrics to calculate its total score and used the resulting scores to rank-order our sample.