Oregon landlords can raise rents 14.6% next year
Inflation is so hot right now that even if Oregon rent control were the law back in 2000, next year's limit would still be the highest yet.
By: Jonathan Bach (Portland Business Journal)
PORTLAND, Ore. — Residential landlords are allowed to raise rents by up to 14.6% in 2023, the highest rate yet since Oregon instituted statewide rent control three years ago.
It's a far cry from the unregulated days before 2019 when no statewide limits existed. But the newly released rate, forced up by inflation, stands much higher than the 9.9% allowable in 2022. State officials arrive at the rates by adding 7% to the 12-month average change in the Consumer Price Index for All Urban Consumers, West Region published most recently by the Bureau of Labor Statistics.
Inflation is so hot right now that even if Oregon rent control were the law back in 2000, next year's limit would still be the highest yet, state and federal data show. Rent control doesn't affect newer construction in the state.