Multnomah County, Oregon: commercial real estate data.
Multnomah County, Oregon had an estimated 795,897 residents on July 1, 2024, down 2.4 percent since the 2020 census base of 815,398, across 431 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Multnomah County
How many people live in Multnomah County
- Population, American Community Survey 2020-2024801,477
- 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-equivalents, Puerto Rico included80th of 3,222
Multnomah County is the 1st largest of 36 Oregon counties by population. A median home costs 6.2 times median household income, which is severely unaffordable by national standards. 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's population growing?
- Population, July 1, 2024795,897
- Census 2020 base population815,398
- Population change since the 2020 census base-2.39 percent
- Population change, 2023 to 20241,626
- 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 of 3,144
The county has lost 2.39 percent of its population since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Multnomah County
Where are people moving to Multnomah County from?
- Tax returns filed by households arriving30,224
- People arriving, from those returns41,129
- Tax returns filed by households leaving32,913
- Net household movement-2,689
- Adjusted gross income arriving$2.22 bn
- Net adjusted gross income movement$-1.22 bn
- Average income of an arriving household$73,541
- Average income of a leaving household$104,542
- Largest single originWashington County (4,248 households)
- Largest single destinationClackamas County (5,604 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Washington County | 4,248 | 5,833 | $312.6 m |
| Clackamas County | 3,682 | 5,368 | $242.6 m |
| Clark County | 1,758 | 2,599 | $107.7 m |
| Los Angeles County | 1,121 | 1,499 | $92.1 m |
| King County | 905 | 1,140 | $83.9 m |
| Lane County | 658 | 780 | $28.9 m |
| Marion County | 603 | 823 | $27.2 m |
| Alameda County | 440 | 612 | $54.8 m |
Households arriving report $31,001 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Washington County, 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 is the Multnomah County economy?
- 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 the Oregon areas BEA publishes1st of 36
- Rank by GDP among the US county areas BEA publishes59th of 3,127
- 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
Employment by industry in Multnomah County
- Covered employment, annual average498,988
- Establishments reporting40,968
- Average annual pay$80,772
- Average weekly wage$1,553
- Health care and social assistance, employment72,250
- Health care and social assistance, average annual pay$71,941
- Accommodation and food services, employment43,846
- Accommodation and food services, average annual pay$34,144
- Professional, scientific and technical services, employment40,047
- Professional, scientific and technical services, average annual pay$120,807
- Retail trade, employment38,062
- Retail trade, average annual pay$46,066
- Transportation and warehousing, employment31,884
- Manufacturing, employment29,380
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 72,250 | 5,317 | $71,941 |
| Accommodation and food services | 43,846 | 3,259 | $34,144 |
| Professional, scientific and technical services | 40,047 | 7,445 | $120,807 |
| Retail trade | 38,062 | 2,963 | $46,066 |
| Transportation and warehousing | 31,884 | 947 | $68,517 |
| Manufacturing | 29,380 | 1,453 | $73,435 |
| Construction | 25,851 | 2,349 | $104,420 |
| Administrative and support and waste management services | 25,138 | 1,979 | $56,179 |
Health care and social assistance is the largest private sector at 72,250 jobs, 14.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Multnomah County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Multnomah County
Building permits in Multnomah County
- Housing units authorized by permit, 20242,040
- Declared construction value permitted$548.5 m
- Single family units authorized1,035
- Multifamily units authorized1,005
- Multifamily share of units49.3 percent
- Average declared value per unit$268,873
- Units authorized per 1,000 households5.8
Multifamily is 49.3 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Multnomah County
SBA loans in Multnomah County (7(a) and 504)
- 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$1,592,540
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.00 bn
The average approval of $580,860 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
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.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Multnomah County
SBA lending by place in Multnomah County
- Borrower cities with recorded lending10
- Portland, approvals1,087
- Gresham, approvals74
- Troutdale, approvals22
- Fairview, approvals9
- Corbett, approvals4
- Wood Village, approvals3
| Borrower city | 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 |
| Aurora | 1 | $495,000 |
| Milwaukie | 1 | $250,000 |
| 2 other borrower cities | 2 | $130,100 |
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 large 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 boundary6
- 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.
Multnomah County
Flood risk in Multnomah County
- Participation of the county's own NFIP community Multnomah County, unincorporated areasParticipating, community 410179
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP8
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class2
- Radon levels in Multnomah County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Multnomah County (community 410179), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Multnomah County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-2024801,477
- 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?
The Census Bureau estimates 795,897 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has fallen 2.39 percent since the 2020 census base of 815,398, to 795,897 on July 1, 2024. 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 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 employment by industry in Multnomah County?
Health care and social assistance is the largest private sector at 72,250 jobs, 14.5 percent of covered employment. Covered employment averages 498,988 jobs at an average annual pay of $80,772, or $1,553 a week. 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 totaling $698.8 m since FY2020, across 98 lenders, with a median approval of $200,000, plus 321 504 approvals worth $305.3 m since FY2010. 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.
How many building permits were issued in Multnomah County?
2,040 housing units were authorized 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 Washington County, with 4,248 households. Arriving households report an average income of $73,541 against $104,542 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Multnomah County
Cities and places in Multnomah.
10 Census places lie wholly or partly in Multnomah County. All 10 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Portland | city | 641,165 | 1,087 | Wholly in this county |
| Gresham | city | 112,378 | 74 | Wholly in this county |
| Lake Oswego | city | 40,381 | None recorded | 4.7 percent here, 95.1 percent Clackamas County |
| Troutdale | city | 15,923 | 22 | Wholly in this county |
| Fairview | city | 10,735 | 9 | Wholly in this county |
| West Haven-Sylvan | CDP | 7,674 | None recorded | 3.7 percent here, 96.3 percent Washington County |
| Wood Village | city | 4,696 | 3 | Wholly in this county |
| Dunthorpe | CDP | 1,875 | None recorded | Wholly in this county |
| Maywood Park | city | 987 | None recorded | Wholly in this county |
| Orient | CDP | 481 | None recorded | Wholly in this county |
A further 8 of the county's 1,203 SBA 7(a) approvals are to borrowers in cities that match no Census place in Multnomah County, the largest being Corbett (4), Aurora (1), Milwaukie (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.