They keep coming…thousands and thousands of Americans move to Oregon every year. And according to a study completed by United Van Lines, Oregon is growing faster than any other State in the Nation except for Vermont. But who is moving to Oregon and why? The research completed by the Nations’ premier moving and transport company indicates that jobs and the environment lead the list of reasons why.
- Oregon was the #2 most “moved to” state in 2022, second to Vermont
- The top reason people moved to Oregon was for employment opportunities
- The top reason people moved away from Oregon was to be closer to family
- The top age group moving to Oregon was <18 to 34 (Gen Z & Millennials)
- The top age group moving out of Oregon is 65+ (Boomers)
With Hillsboro, Oregon being the 6th largest City in the State (108,000+ Pop.), and the jobs capital as well, we can expect our growth to continue. We are already in a horrible housing shortage, and reports like this one are the proof in the pudding when we ask, “Why is the real estate market not coming down” as we face higher interest rates.
The facts are that rents are going up faster than mortgage payments are. Buying a home with a reasonable downpayment still offers a monthly outflow about the same as rent, and it acts as a hedge against inflation, not to mention the many tax and appreciation benefits.
Maybe our decades of stewardship of our lands are, in fact, the reason our growth will not be slowed. #1 for total inbound trips and growth is Vermont, another beautiful place to live.
The report can be viewed in whole right here – it is an interesting read about what we can expect not only here in Oregon but around the Nation!
This article is brought to you by Dirk Knudsen Real Estate, 41 years serving the Hillsboro and Washington County Communities!
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The preponderance of data show that Oregon, in 2022, is not the magnet that it was in 2020 and 2021. The mover migration data cited is not nearly so optimistic with several other nation moving companies. The National Association of Realtors, using US Census data, show Oregon is now losing population. The US Postal Service change of address data similarly shows Oregon lost population.
Oregon migration 2022 (percent)
North American 50/50
NAR/US Census -0.4%
USPS (2020-22) -1.39%
Uhaul – Oregon moves from 14th place to 22nd place