Real Estate Relocation Guide To Oregon

Relocating from Chicago to Oregon is a major move. You’re crossing state lines and heading 1,900 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Portland or Eugene you can get a good idea of the Oregon landscape and locate the best area for you and your family.

We’ll start with the big picture… Oregon has an estimated population of 3.7 million* and around 96,000 square miles of land. The total number of housing units is 1,586,600, of which about 939,000 are owner-occupied and 510,500 are inhabited by renters. Roughly 136,900, or 8.6 percent, of the residences in the state are vacant. The median home value in Oregon is $236,600 and the median household income is $46,230. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Oregon, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Oregon real estate has to offer…

About 30,800 homes in Oregon are new construction, developed in 2005 or after (another 149,400 were put up between 2000 and 2004). Oregon has its share of vintage charm as well with 202,000 residences built prior to 1940. The total number of detached, single-family houses across the state is 1 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Beaver State, monthly mortgage costs in [Alabama] generally hover between $1,000 and 2,000+.

Relocation Resources

No submissions in this category yet.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com