Marion County OR, Clark County WA now among unaffordable counties for homeownership

PORTLAND, Ore. (KOIN) — Salem, Oregon and Vancouver, Washington area residents upset about rising home prices may be onto something.

A new analysis by MoneyGeek listed Marion County in Oregon and Clark County in Washington among the top 26 newly unaffordable counties in the United States.

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Marion County in Oregon was listed at No. 22, while Washington’s Clark County made the No. 26 spot.

The analysis found that in Marion County, home price appreciation has grown by nearly 26%, with the median home price being $341,919. With the median income in the county being $31,677, home costs account for 72% of income, according to MoneyGeek.

Meanwhile, in Clark County, Washington, home price appreciation has also risen to 26% in the last three years, with the median home price at $430,970. With the median income in the county at $41,096, home costs are 69% of income, according to the analysis.

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In fact, these weren’t the only counties in the Pacific Northwest to make the list. Six others made the list, including Boise, Idaho’s Ada County, which came in at No. 1 on the list. Kitsap, Spokane, Snohomish, Pierce and Thurston counties in Washington state were also added to the list as “newly unaffordable.”

Check out the full list below:

Ranking County and State Metro area
1 Ada County, Idaho Boise City
2 Collier County, Fla Naples – Immokalee – Marco Island
3 Travis County, Texas Austin—Round Rock
4 Williamson County, Texas Austin—Round Rock
5 Washoe County, Nevada Reno
6 Douglas County, Colo Denver-Aurora-Lakewood
7 Davis County, Utah Ogden-Clearfield
8th Larimer County, Colorado FortCollins
9 Salt Lake County, Utah Salt Lake City
10 Kitsap County, Washington Bremerton-Silverdale
11 St. John’s County, Florida Jacksonville
12 Sacramento County, California Sacramento-Roseville-Arden
13 Spokane County, Washington Spokane-Spokane Valley
14 Snohomish County, Washington Seattle-Tacoma-Bellevue
15 Merced County, California Mercedes
16 Clark County, Nevada Las Vegas-Henderson-Paradise
17 Pierce County, Washington Seattle-Tacoma-Bellevue
18 Sarasota County, Fla North Port – Sarasota – Bradenton
19 Charleston County, South Carolina Charleston-North Charleston
20 Thurston County, Washington Olympia-Tumwater
21 Jefferson County, Colorado Denver-Aurora-Lakewood
22 Marion County, Oregon salem
23 Collin County, Texas Dallas-Fort Worth-Arlington
24 Maricopa County, Arizona Phoenix-Mesa-Scottsdale
25 Buncombe County, North Carolina Asheville
26 Clark County, Washington vancouver

Analysts with MoneyGeek attribute the increase in unaffordable housing in US counties as a result of continuing pandemic fallout due to supply chain-related shortages for new housing and the rise of people working remotely and opting for living away from cities.