Chart du jour: Our millennial-age homes
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The dream of the '90s is still alive in Portland, apparently — according to the average age of our homes.
By the numbers: The bulk of Portland-area homes were built between the 1970s and the early aughts, according to the latest census data.
- The largest share of homes in the region — 15.8% — were built in the 1990s.
- That makes them millennials.
The intrigue: Between 1990 and 2000, the Portland metro area's population exploded, increasing by 27% — it's highest-ever growth.
- Those people had to live somewhere!
The big picture: Existing homes aren't getting any younger and sellers are still feeling the rate-lock effect. This opens the window for a remodeling wave, according to the National Association of Home Builders.
- Yes, but: Buyers are keen on new builds (a rarity here), given existing supply constraints and (sometimes) better deals to be found.
💭 Meira's thought bubble: Portland's oldest homes are largely confined to the southwest and southeastern parts of the city.
- The J. Duthie House on SE Belmont in the Buckman neighborhood was built around 1870, while the infamous Pittock Mansion was completed in 1914.
- My home was built in 1925 and sits just a block away from the city's first-ever rose garden. And let me tell you: It's sagging infrastructure and at-times moldy basement shows its century-old age.
👵 How old is your home? Let us know.
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