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Zillow study shows Portland income needed for a typical home rose from 2020 to 2024. Data reveals a staggering 64% increase from 2020 to 2024, pushing the required income to a significant $184,227.

Tips for first-time home buyers on getting pre-approved for a mortgage quickly: Talk to a loan officer for guidance, ask for referrals from friends, review your credit report for errors, gather necessary documentation, work with one mortgage professional to find the best option, consider interest rates, fees, and customer service when choosing a lender. Continue…

1: Research the Oregon Real Estate market before house hunting.2: Get pre-approved for a mortgage to know how much you can afford.

The North/Northeast Preference Policy waitlist for homeownership assistance in Portland has opened for the first time since 2019. The policy gives priority to applicants with ties to North and Northeast Portland, aiming to help those who were displaced by city policies. Applicants must meet income restrictions and can receive assistance from the Portland Housing Center.…

Homebuyers in Portland require an income of $161,624 to afford a mortgage comfortably. This is a significant increase compared to $65,664 more than what was needed in 2020.

Housing: Portland's median home price: $560,000; Rent: $1,786. Groceries: 7% higher than national average; Milk: $3.92; Ground beef: $5.58; Eggs: $3.43.

The median rent for a 1-bed in Portland was $1,430 in March. It was unchanged MoM, but ↓ 5.3% yearly.

Oregon considers altering 1970s land use law due to housing shortage. Urban growth boundary crucial for preventing suburban sprawl and conserving nature.

15. Louisville, KY: ↓ 5.3% yearly 14. Dallas, TX: ↓ 5.6% yearly 13. New Orleans, LA: ↓ 6% yearly 12. Cleveland, OH: ↓ 6.1% yearly 11. Nashville, TN: ↓ 6.5% yearly 10. Sacramento, CA: ↓ 6.6% yearly