Sell Your Property near
University of Oregon
Home to the University of Oregon Ducks sports teams, the Hult Center, and Spencer’s Butte, Eugene is surrounded by plenty of outdoor recreation sites and thriving local culture for everyone to enjoy.
Bustling area of UO
Two hours south of Portland, the University of Oregon is one of the states’ seven public universities. It boasts the second largest student population in the state consisting of approximately 21,000 undergraduate students and 3,100 graduate students. Although most Freshman are required to live on campus, the majority of students live off campus in market-rate units or single-family homes.
The city of Eugene is a bustling metropolitan area with a population of 215,000 people that is home to both locals and students alike. The city of Eugene itself has a population of 156,428, with the largest college institution of the area, University of Oregon, currently enrolling 19,100 undergraduate and 3,683 graduate students. 81,450 households make up the substantial renting population of Eugene, about 52% of its total population
U of O Graduates
Many new graduates become permanent residents of the Eugene area, contributing to the 3% population increase of the city over the past three years. Eugene boasts a low cost of living, low traffic congestion, and short commute times as compared to the other major cities of Oregon such as Portland and Salem, making the city an appealing location to live.
The city is made up of a high educated population as a result, with just over forty percent of the population holding bachelor’s degrees and seventeen percent holding graduate and professional degrees, placing the population above national average and holding a median household income of $68,813 annually.
There is a wide diversity of employers in the Eugene area, from federal to university to a large variety of small‐to‐medium sized businesses. The largest employers of the area are the PeaceHealth Medical Group (5,855), University of Oregon (5,573), Eugene 4J School District (2,283), US Government (1,747), State of Oregon (1,715), Lane County (1,678), and the Springfield School District (1,670). The Oregon Department of Economic Analysis predicts strong growth in health care, social assistance positions, construction, professional and business services, leisure, hospitality, and manufacturing over the next several years. The high growth in jobs in the technical sector has in recent years labeled the city as the “Silicon Shire.”
Why We Love This Area
The University of Oregon has a large economic impact statewide and employs close to 11,000 workers in Lane County. Eugene has a population of 171,000 people, most of whom are either students or employees at the University.
Measuring the past 12 months, the University of Oregon area has seen a 94.5% occupancy rate and 2.5% Asking Rent growth with a forecast that is only rising. There is 64% Pre-leasing in the area. Average Vacancy at the time of Sale for Multifamily and Student properties in the University of Oregon area is 6.2%.
Commercial real estate investing provides an adequate risk to reward investment, especially when carried out in the right locations. Your investment in a complex can provide you with a steady income stream, as well as asset appreciation over a long period of time.
The bottom line is that this community is growing quickly and for good reason. The welcoming population is easy to get acquainted with, and the area provides so many benefits for incoming residents. The high percentage of residents who rely on rental properties continue to make the area a great real estate investment opportunity, whether it is through an apartment complex or commercial real estate.