Multnomah County, Oregon: commercial real estate data.
Multnomah County, Oregon has a population of 801,477 across 431 square miles, down 2.4 percent since the 2020 census base. County output reached $90.62 bn in 2024, 27,204 establishments operate here, and the SBA record carries 1,203 7(a) approvals worth $698.8 m.
123 sourced county values · tier FULL · 11 sections
Multnomah County
How many people live in Multnomah County
- Population801,477
- Households349,803
- Average household size2.29
- Median household income$88,766
- Median age38.7
- Median gross rent$1,646 per month
- Median owner-occupied home value$552,700
- Home value to household income6.2 times
- Annual rent as a share of median income22.3 percent
- Adults 25 and over with a bachelor degree or higher48.9 percent
- Adults 25 and over with a graduate degree19.6 percent
- Adults 25 and over598,249
- Population under 18141,135
- Share under 1817.6 percent
- Population 65 and over118,224
- Share 65 and over14.8 percent
- Working age population, 18 to 64542,118
- Civilian labor force471,313
- Unemployment rate5.7 percent
- Labor force participation, adults 18 and over71.4 percent
- Rank by population among Oregon counties1st of 36
- Rank by population among US county-equivalents80th
Multnomah County is the 1st largest of 36 Oregon counties by population. A median home costs 6.2 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 17.6 percent against 14.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Multnomah County
Is Multnomah County growing
- Population change since the 2020 census base-2.39 percent
- Census 2020 base population815,398
- Births, 20247,250
- Deaths, 20246,591
- Natural change, 2024659
- Net domestic migration, 2024-4,709
- Net international migration, 20245,660
- Total net migration, 2024951
- Cumulative net domestic migration, 2021 to 2024-35,180
- Rank by growth among US county-equivalents2598th
The county has lost 2.39 percent of its population since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Multnomah County
Where people moving to Multnomah County come from
- Tax returns filed by households arriving30,224
- People arriving, from those returns41,129
- Adjusted gross income arriving$2.22 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$73,541
- Largest single originMultnomah County Non-migrants (320,473 households)
- Largest single destination (320,473 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Multnomah County Non-migrants | 320,473 | 560,824 | $32.78 bn |
| Washington County | 4,248 | 5,833 | $312.6 m |
| Other flows - Different State | 3,957 | 5,309 | $235.9 m |
| Clackamas County | 3,682 | 5,368 | $242.6 m |
| Clark County | 1,758 | 2,599 | $107.7 m |
| Other flows - South | 1,416 | 1,939 | $83.4 m |
| Los Angeles County | 1,121 | 1,499 | $92.1 m |
| Other flows - Midwest | 996 | 1,331 | $56.8 m |
The largest single source of arrivals is Multnomah County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Multnomah County
What the Multnomah County economy runs on
- County GDP, 2024$90.62 bn
- County GDP, 2023$87.38 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years28.1 percent
- Rank by GDP among Oregon counties1st
- Rank by GDP among US county-equivalents59th
- GDP per resident$113,063
Output grew 3.7 percent in the latest year and 28.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Multnomah County
Who employs people in Multnomah County
- Covered employment, annual average498,988
- Establishments reporting40,968
- Average annual pay$80,772
- Average weekly wage$1,553
- Sector 62, employment72,250
- Sector 62, average annual pay$71,941
- Sector 72, employment43,846
- Sector 72, average annual pay$34,144
- Sector 54, employment40,047
- Sector 54, average annual pay$120,807
- Sector 44-45, employment38,062
- Sector 44-45, average annual pay$46,066
- Sector 48-49, employment31,884
- Sector 31-33, employment29,380
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 72,250 | 5,317 | $71,941 |
| Sector 72 | 43,846 | 3,259 | $34,144 |
| Sector 54 | 40,047 | 7,445 | $120,807 |
| Sector 44-45 | 38,062 | 2,963 | $46,066 |
| Sector 48-49 | 31,884 | 947 | $68,517 |
| Sector 31-33 | 29,380 | 1,453 | $73,435 |
| Sector 23 | 25,851 | 2,349 | $104,420 |
| Sector 56 | 25,138 | 1,979 | $56,179 |
The largest sector is the biggest private employer group at 72,250 jobs, 14.5 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Multnomah County
What businesses operate in Multnomah County
- Establishments, all industries27,204
- Employment at those establishments442,844
- Annual payroll$30.83 bn
- Establishments per 1,000 residents33.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Multnomah County
What is being built in Multnomah County
- Housing units authorised by permit, 20242,040
- Declared construction value permitted$548.5 m
- Single family units authorised1,035
- Multifamily units authorised1,005
- Multifamily share of units49.3 percent
- Average declared value per unit$268,873
- Units authorised per 1,000 households5.8
Multifamily is 49.3 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Multnomah County
How much SBA lending happens in Multnomah County
- 7(a) approvals recorded1,203
- 7(a) gross approval dollars$698.8 m
- Average 7(a) approval$580,860
- Median 7(a) approval$200,000
- 10th percentile approval$25,000
- 90th percentile approval$1,592,800
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)12,168
- Jobs per approval10.1
- Distinct 7(a) lenders active98
- Distinct industries receiving approvals296
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer20.8 percent
- Loans on real estate terms250
- Loans on working capital terms, 120 months or shorter927
- Franchise loans69
- Franchise share of approvals5.7 percent
- Leading industry by approval countFull-Service Restaurants (66)
- Most active lenderColumbia Bank (186)
- 504 approvals recorded321
- 504 gross approval dollars$305.3 m
- Average 504 approval$951,012
- Median 504 approval$628,000
- Distinct CDCs active7
- 504 jobs per approval9.5
- 504 jobs per million dollars approved10.0
- Most active CDCEvergreen Business Capital (162)
- 7(a) share of SBA approvals78.9 percent
- Combined SBA approval dollars$1.00 bn
The average approval of $580,860 sits well above the median of $200,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 20.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Multnomah County
Do SBA loans in Multnomah County get paid back
- Loans with a final outcome recorded244
- Paid in full227
- Charged off17
- Charge off rate on resolved loans7.0 percent
- Status: Exempt from disclosure737
- Status: Paid in full227
- Status: Cancelled159
- Status: Charged off17
- Status: Committed, not yet disbursed63
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 10 | 1 | 10.0% |
Of the 244 loans that have reached a final outcome, 7.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, Full-Service Restaurants carries the highest charge off rate at 10.0 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Multnomah County
Which parts of Multnomah County get the lending
- Places in the county with recorded lending10
- PORTLAND, approvals1,087
- GRESHAM, approvals74
- TROUTDALE, approvals22
- Fairview, approvals9
- CORBETT, approvals4
- WOOD VILLAGE, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| PORTLAND | 1,087 | $630,113,700 |
| GRESHAM | 74 | $46,388,300 |
| TROUTDALE | 22 | $16,024,400 |
| Fairview | 9 | $3,270,900 |
| CORBETT | 4 | $795,000 |
| WOOD VILLAGE | 3 | $1,307,000 |
| EUGENE | 1 | $25,000 |
| AURORA | 1 | $495,000 |
PORTLAND accounts for 1,087 approvals against 74 in GRESHAM. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Multnomah County
How big is Multnomah County
- Land area431 sq mi
- Rank by land area among Oregon counties36th of 36
- Width, east to west53.7 mi
- Height, north to south20.4 mi
- Geographies sharing a boundary4
- Residents per square mile of land1,860
- Establishments per square mile63.12
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Multnomah County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Multnomah County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population801,477
- Households349,803
- Average household size2.29
- Median household income$88,766
- Median age38.7
Common questions
Multnomah County questions, answered from the record.
How many people live in Multnomah County, Oregon?
801,477, in 349,803 households, ranking 1st of 36 Oregon counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Multnomah County growing?
The population has fallen 2.39 percent since the 2020 census base. In 2024 there were 7,250 births against 6,591 deaths, with net migration of 951. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Multnomah County?
$88,766. The median owner-occupied home is valued at $552,700, which is 6.2 times income, and median gross rent is $1,646 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Multnomah County?
27,204 establishments, employing 442,844 people with an annual payroll of $30.83 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Multnomah County?
Average annual pay is $80,772, or $1,553 a week, across 498,988 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Multnomah County?
1,203 7(a) approvals totalling $698.8 m since FY2020, across 98 lenders, with a median approval of $200,000, plus 321 504 approvals worth $305.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Multnomah County get paid back?
Of the 244 loans that have reached a final outcome, 227 were paid in full and 17 charged off, a charge off rate of 7.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Multnomah County?
2,040 housing units were authorised by permit in 2024, with a declared construction value of $548.5 m. Multifamily was 49.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Multnomah County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Multnomah County come from?
The largest single origin is Multnomah County Non-migrants, with 320,473 households. Arriving households report an average income of $73,541 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Multnomah County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Multnomah County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.