Per SB 608 (2019)
, the Oregon Office of Economic Analysis is responsible for calculating and publishing, by September 30 of each year, the maximum annual rent increase percentage allowed by statute (ORS 90.323
or ORS 90.600
) for the following calendar year. Per SB 608, OEA calculates this amount as 7% plus the Consumer Price Index for All Urban Consumers, West Region (All Items), as most recently published by the Bureau of Labor Statistics.
Maximum annual rent increase, 2020
The allowable rent increase percentage for the 2020 calendar year is 9.9%. The allowable rent increase percentage for the previous year, 2019, was 10.3%. Click the yellow box below for more detailed information.
OEA will publish the maximum annual rent increase for 2021 by Sept. 30, 2020. That exact calculation will be the percent change from the CPI average for the September 2019 to August 2020 time period (most recent year), compared to the September 2018 to August 2019 time period (previous year), plus 7%.