Oregon Rent Increase Max Set At 10.3%

Photo: Getty Images

In response to the passage of SB 608, the Oregon Department of Administrative Services published the current annual maximum rent increase allowed in 2019. The DAS Office of Economic Analysis has calculated the percentage as 10.3%.

SB 608 requires DAS to calculate and post to its website, by September 30 of each year, the maximum annual rent increase percentage allowed by statute for the following calendar year. Because SB 608 has taken effect, it was necessary to calculate the percentage for the current calendar year. Per SB 608, OEA calculates this amount as 7% plus the Consumer Price Index for All Urban Consumers, West Region (All Items), as most recently published by the Bureau of Labor Statistics.

The maximum allowable rent increase for the 2019 calendar year is 10.3%. DAS will calculate and post the percentage for the 2020 calendar year by Sept. 30, 2019.

title

Content Goes Here