HFO Multifamily Marketwatch for Oregon and SW Washington
Oct 15, 2026 · 7 min · 13 segments
This week, we're covering Opportunity Zones in Oregon and Washington, Seattle's apartment market, affordable housing costs, and rising Treasury yields.
Oregon Housing and Community Services funded affordable housing projects last year at an average hard cost of $318 per square foot, 31% above its benchmark.
In September, the Housing Stability Council approved 72-unit McMinnville project, costing more than $413 per square foot, alongside a 168-unit Corvallis project under $173 per square foot.
With a $3.7 billion biennial budget and nearly 8,000 units planned for production or renovation, expect greater scrutiny.
Oregon Housing and Community Services funded affordable housing projects last year at an average hard cost of $318 per square foot, 31% above its benchmark.
In September, the Housing Stability Council approved 72-unit McMinnville project, costing more than $413 per square foot, alongside a 168-unit Corvallis project under $173 per square foot.
With a $3.7 billion biennial budget and nearly 8,000 units planned for production or renovation, expect greater scrutiny.
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