Seattle and Portland Rents Expected to Rise 6% and 7%

Zillow forecasts rent growth of more than 7 percent in Seattle and 6 percent in Portland

By Jeff Sorg, OnlineEd Blog

canstockphoto33101878-no-vacancies (October 11, 2016) – According to the latest Zillow® Rent Forecast for August 2016 to August 2017, rents in the West’s tech job centers are predicted to be among some of the fastest growing in the nation over the next year. The Zillow® Rent Forecast predicts rent trends down to the zip-code across the U.S.

Rents in Seattle and Portland are expected to rise the most over the next 12 months — Zillow forecasts rent growth of more than 7 percent in Seattle and 6 percent in Portland. Denver, San Francisco, and San Jose are predicted to see rent appreciation of more than 4 percent. Only 11 of the 35 largest metros will see a slowdown in rents.


Highest Forecasted Rent Appreciation over the Next Year

  1. Seattle – 7.2 percent
  2. Portland – 6.0 percent
  3. Denver – 5.9 percent
  4. Cincinnati – 5.2 percent
  5. San Francisco – 4.9 percent
  6. Los Angeles – 4.8 percent
  7. Sacramento – 4.7 percent
  8. San Diego – 4.7 percent
  9. Phoenix – 4.6 percent
  10. San Jose – 4.5 percent

[Source: Zillow]


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About Jeff Sorg

Jeff Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses. Sorg is awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), REEA (Real Estate Educators Association) the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus; Life Member award; 2020, 2021, 2022 Chairperson of the Oregon Real Estate Forms Committee; Oregon REALTORS State Director. More on request.