As the nation’s housing market continues to unravel, one of the country’s most expensive cities is facing a housing bubble.
Portland is one of several U.S. cities with an estimated $1 trillion in unfunded pension liabilities, according to a report by the U.K.-based International Monetary Fund (IMF).
In Oregon, the city’s property taxes are among the highest in the nation, and its population has been growing rapidly in recent years.
While many of Oregon’s largest cities are seeing home prices fall, Portland has been able to stay above the national average and the median price of homes has increased over the past decade, according a report from the National Association of Realtors.
That means, in 2016, its median home price was $852,200, up 17% from the year before.
The average price of a single-family home is now $1,936,300, up 13% from a decade ago, according the report.
The city’s median home value is also more than 10 times the national median home sales price.
In 2016, Portland’s median sale price was nearly $1 million, a 5% increase from the prior year.
The median sales price in Portland is also $1.5 million more than the national sales price, according data from Realtor.com.
That’s a major difference in the amount of money residents can spend on home purchases, which is typically the largest expenditure on a property, according.
While the state’s median household income is $36,732, it is only $22,922 below the national income level, according Federal Reserve data.
That is partly due to Portland’s comparatively high cost of living compared to other major U.N. member cities.
Portland’s median income is lower than in the state, with the median household earning $46,719, while the median income for people with a college degree is $72,037.
The median household size in the city is only 5 people.
As of April, the average Portland resident’s net worth was $1 billion, according RealtOR.
The city’s average household net worth is about $9,500.
As a result of Portland’s rising home prices, the median home sale price is now nearly $2 million higher than it was just three years ago, the report said.
It also reported that home sales prices in Portland are more than four times the amount they were in the year prior, when the city was still struggling with the Great Recession.
While Portland has a large number of vacant properties and other properties that are being developed as affordable housing, Portlanders aren’t having any luck finding homes for sale, the U-T said.
This means there are fewer people buying homes for their families, said John Kline, director of the Oregon Housing Partnership, an umbrella organization for the city.
In 2016, the majority of people who bought a home in Portland either had to move or were waiting for a place to move, according U-Finance data.
In the same time period, the percentage of people moving to Portland increased from 9% to 18%, according to U-Mortgage.com, which tracks the housing market.
The U-Bahn has seen its stock prices increase nearly 50% in the past three years, as the city has continued to expand its rail network and create jobs.
Portland’s average house price has grown almost 50% since 2005, the data showed.
According to U.C. Berkeley’s Housing Studies Center, Portland is home to one of America’s fastest growing communities with the fastest growth in median household wealth.
In recent years, Portlandhas seen its housing stock expand, adding more than 50,000 housing units, or about 5% of the city, the center said.
The Oregon Housing Partners has been tracking the housing markets and helping communities plan to address rising rents.
The group also tracks a variety of other measures of Portland housing affordability, including home sales, property taxes, home prices and property vacancy rates, Kline said.
The group is also working with city officials to identify what are known as “non-housing measures” to measure housing affordability in the Portland metro area, such as property taxes and home values, he said.
Portland has a population of about 13.3 million people.
That makes it one of 20 U.W. cities that collectively account for more than half the country, according IMF data.