RENT – HOW MUCH – UP or DOWN

HUD calculates average rents each year.  This is done in order to determine payment standards for federal housing assistance programs. In a recent report, HUD reports that Washington has the 16th highest rent in the country out of 56 states and territories. For fiscal year 2019, in the Seattle-Bellevue, metro area (King County) average rent for a studio or efficiency is $1,416 per month and $3,228 per month for a house or an apartment with 4 bedrooms. 

Oregon has the 20th highest rent in the country out of 56 states and territories. Average rents for the Portland-Vancouver-Hillsboro metro area (Yamhill County) are $1,040 for a studio or efficiency and $2,327 per month for a house or an apartment with 4 bedrooms. 

Data by city is available here: https://www.rentdata.org/states/washington/2019

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!

Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.