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first_imgJacinta Cox has been looking for a new house to rent since late May with no luck. She and her family have lived in the same place for eight years, but the landlord wants to sell the house. The Cox family would love to stay in Camas, but Jacinta has had to widen her search. “There’s such a flood of renters. It’s insane,” the 33-year-old mother of five said. “It’s almost like this competition lottery thing.”She phoned the landlord of one house posted on Craigslist as soon as she saw the ad, only to be the 70th caller.Although the rental market rate has loosened up since last fall, it remains tight. As of the last measurement this spring by Tigard, Ore.-based Multifamily NW, the vacancy rate was 3.32 percent in West Vancouver and 2.99 percent in East Vancouver. Rents have climbed. The average rent was 93 cents per square foot on the west end of town, up from 87 cents last fall. On the east end of town, rent was 97 cents per square foot, up from 94 cents. The Multifamily NW figures don’t capture the single-family rental market, but the experience there is similar, local landlords say.“The rental market is going to get tighter and tighter,” said Roger Silver, the information officer for Clark County Rental Association, a nonprofit organization dedicated to educating landlords. He has seven rental properties in Vancouver.last_img read more

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