Buying vs. Renting in Portland: Income Gap Keeps Growing | Your Real Estate Resource for Advice, Tips and Trends.

A recent analysis shows US homebuyers now need to earn ~$116K, 82% more than renters, to afford a median-priced home.
The affordability gap has quadrupled since 2021, driven by rising home prices and mortgage rates, while rents remain mostly flat.
The income gap is especially stark in cities like Portland, where homebuyers must earn significantly more than renters.
In fact, the income needed to buy a median-priced home in Portland is 115% higher than what's required to rent.
While the upfront costs are steep, buying a home can offer lasting benefits, especially in emerging markets like Portland.