The Real Estate Genius

In 2019, the state of Oregon passed SB 608, a bill that bans most no-cause evictions and limits rent increases at most Oregon rentals to a certain amount each year (7% plus CPI). With inflation soaring, it was expected that the next rent increase cap could be pretty high, and it is indeed the highest one ever, at 14.6% for 2023.

Oregon Rent Increases Capped at 14.6% Under 2023 Limits — The Real Estate Genius Oregon rents can grow by record amounts under 2023 rules