Portland is Now the Fourth-Most Popular Destination For People Fleeing Silicon Valley Modern Times (Thomas Teal)
That’s likely because the median home price in the San Francisco Bay Area is now somewhere between $1.2 and $1.4 million, according to California real estate data firm CoreLogic—and rents are also well above any price tag that low-earning, recent college grads can afford.
LAO’s statistics show that Californians ages 18-35, with either some college experience or a Bachelor’s degree, making $15,000 to $30,000 a year are the most likely to move to Oregon.
Over the past nine months, 6.3 percent of Bay Area residents searching for real estate listings outside of the state picked Portland as their destination. That’s second only to Seattle, where just over 10 percent of itchy-footed, empty-pocketed Bay Area residents searched for new homes. (Around 40 percent opted to move elsewhere within the state of California.)