The majority of tenants in Oregon and nationwide paid their rent within the first six days of August even as federal coronavirus relief programs to expired, according to data from housing groups. But the latest numbers show a decline in the percentage of Oregonians paying their rent on time.
According to data compiled by RealPage, a company that provides property management software, 86 percent of renters in the Portland-Vancouver-Hillsboro area and 87 percent of renters in Oregon made full or partial rental payments by Aug. 6.
Those numbers are down more than 5 percentage points from Aug. 6 of last year, the largest year over year drop that RealPage has reported in its Oregon and Portland-area rental data since the start of the pandemic. By Aug. 6 of last year, more than 90 percent of renters in the Portland area and in Oregon overall had made full or partial rental payments, according to RealPage.
“Since April, we’ve seen those monthly rent payment numbers consistently come in only 1 to 2 percentage points off of what they were last year nationally,” said Adam Couch, a market analyst at RealPage. “That remained the pattern for August’s rent week, too. That’s been a very pleasant surprise.”
Still, the percentage of Oregonians who paid their rent within the first six days of August was higher than the national average, according to data from the National Multifamily Housing Council, a trade organization representing apartment owners.
