PORTLAND — The Portland metro saw the nation’s fastest rising home prices in 2016, according to the real-estate website Zillow, and it was second only to Seattle for rising rents.
The average metro home value rose to $354,400 in December, Zillow said, up 13.8 percent from a year earlier. The website put the area’s median rental payment at $1,805, up 6.8 percent from a year earlier.
That has been painful for renters and would-be homebuyers, but there could be some relief on the way.
Zillow said it’s seen flattening in rent growth nationally and in Portland through much of 2016, though rent is still growing faster than the company forecast a year ago.