In 2023, the Oregon legislature passed House Bill 2004, which implemented a statewide rent control measure that will take effect in 2025. This law limits annual rent increases to 7% plus inflation, or a maximum of 10%. It also prohibits no-cause evictions and allows tenants to terminate their lease early if they provide 30 days’ notice and pay a $1,200 fee.
The new law is intended to help address Oregon’s housing affordability crisis, which has been exacerbated by the state’s rapidly rising rents. In recent years, rents in Oregon have increased at a rate that far outpaces inflation, making it increasingly difficult for low- and moderate-income residents to find affordable housing. The rent control measure is designed to slow the rate of rent increases and make it easier for tenants to stay in their homes.
Continue reading “6+ Compelling Oregon Rent Increase Predictions for 2025”
