Apartment Rents and Locations in Portland, Oregon: 1992-2002

18 Pages Posted: 12 Apr 2007

See all articles by Beth Wilson

Beth Wilson

Humboldt State University

James Frew

Willamette University

Abstract

This research examines changes in the apartment-rent gradient of Portland, Oregon from 1992 to 2002. The findings indicate that increased population growth has caused real increases in apartment rents across the metropolitan area. The largest increases have occurred closer to the city center and at the beltway. The fixed supply of land coupled with increasing population has resulted in a wealth transfer from renters to landlords. Major freeway intersections, which ten years before were just evolving into new urban sub-centers, now have a statistically significant impact on land values within a six-mile radius of the intersection.

Keywords: Apartment, Hedonic, Real Estate, Residential

JEL Classification: R31

Suggested Citation

Wilson, Beth and Frew, James, Apartment Rents and Locations in Portland, Oregon: 1992-2002. Journal of Real Estate Research, Vol. 29, No. 2, 2007. Available at SSRN: https://ssrn.com/abstract=978977

Beth Wilson

Humboldt State University ( email )

Arcata, CA USA 95521
United States

James Frew (Contact Author)

Willamette University ( email )

Salem, OR 97301
United States

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