Rent-to-Own Homes in Portland, OR: What You Need to Know
Popular among Millennials, Portland is a quiet but distinct city. There is a plentiful job market and an excellent school district encouraging family life. The people value their coffee, putting a supreme amount of effort into ensuring their coffeehouse scene is premier. Above all, Portland is a city full of kind people concerned with taking care of their home.
A Booming Job Market
Portland has a hot job market. High Tech, Athletic and Outdoor Apparel, Manufacturing, and Healthcare are the top sectors here. Fortune 500 company, Precision Castparts, has its headquarters located in the city. The average salary of a Portland resident is $68k.
Schools and Higher Education
Portland’s public school system is one of the largest in the Pacific Northwest. Roughly 49,000 students attend 81 public schools. There are 125 private schools in Portland and about 14% of school-aged children attend them. There are several excellent higher education institutes here as well including Reed College, University of Portland, and Lewis & Clark College.
America’s Coffee Capital
Portland has the tendency to rank top 3 when it comes to the best coffee in America. There are countless coffee-shops located here and the residents take this particular beverage seriously. The people of Portland pride themselves in being knowledgable about coffee and the ways in which it can be prepared and sourced.
Getting Around Portland
Portland is a walkable city. It is a smaller city, letting residents stroll through the streets and enjoy the fresh air. In a 2017 survey, 6.3% of residents stated they commuted via bike, which is the highest percentage out of all large American cities. This is because, despite the small size of the city, the traffic is beastly. It could also be attributed to the city’s concern with, and emphasis on, green energy.
Know Your Neighborhoods
Portland has a wide array of excellent neighborhoods. Picking the right one will help shape your experience living here.
Eastmoreland is home to just over 4,000 residents and is considered one of the best neighborhoods in all of Oregon. Many families and young professionals have settled here, attracted by the quiet suburban environment and top-rated public schools. The median home value is $613,094 and the majority of people own their homes. The median rent is $1,659.
The Northwestern District is another Oregon favorite. Nearly 13,000 people live here, many of whom are young professionals. It is a dense, urban town with well-regarded public schools. The median home value is $593,838. The median rent is $1,329 and the majority of residents rent their homes.
With just over 6,000 residents, Pearl is also thought of as one of the best neighborhoods in Oregon. Young professionals seem to prefer Pearl and its urban environment. The median home value is $547,470. The median rent is $1,291 and the majority of residents rent their homes.