Portland, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Portland Neighborhoods Since 2000




Portland, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Portland Housing Market Information

With 9,391 people, 3,907 houses or apartments, and a median cost of homes of $289,846, Portland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Portland, accounting for 83.38% of the town's housing units. Other types of housing that are prevalent in Portland include duplexes, homes converted to apartments or other small apartment buildings ( 12.07%), large apartment complexes or high rise apartments ( 3.27%), and a few row houses and other attached homes ( 1.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portland. Owner-occupied housing accounts for 83.05% of Portland's homes, and 64.58% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Portland's housing was primarily built during this period, from the '40s through the '60s. A full 36.63% of the town's housing hails from this era. Other housing ages represented in Portland include homes built between 1970-1999 ( 27.21%) and housing constructed before 1939 ( 24.61%). There's also some housing in Portland built between 2000 and later ( 11.56%).

Portland Home Appreciation Rates

Portland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Portland during the period has been just -1.81%, which is lower than 80% of US communities.

Over the last year, Portland appreciation rates have trailed the rest of the nation. In the last twelve months, Portland's appreciation rate has been -0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portland were at -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Portland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Portland's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$289,846

Portland, CT HOME PRICES

Value Range
> $986,000 0.5
$740,001 - $986,000 0.0
$493,001 - $740,000 2.9
$394,001 - $493,000 8.3
$296,001 - $394,000 22.1
$197,001 - $296,000 42.2
$99,001 - $197,000 21.4
$49,001 - $99,000 1.4
$0 - $49,000 1.2

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
17.3034102894644 43.7869822485207

Number Of Homes And Apartments:
3,907

Portland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.83% 1.57% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,546 / per month

Homeownership Rate

Homeownership
Owners 83.05
Renters 16.95
Vacant 9.31

Housing Market Details

 

Age of Homes

AGE OF Portland HOMES
2000 or Newer 11.6
1970 - 1999 27.2
1940 - 1969 36.6
1939 or Older 24.6

Types of Homes

TYPE OF Portland HOMES
Single-Family 83.4
Townhomes 1.3
Small Apt. Buildings 12.1
Apt. Complexes 3.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Portland HOMES
No Bedroom 1.00
1 Bedroom 8.64
2 Bedrooms 24.03
3 Bedrooms 48.63
4 Bedrooms 15.95
5 or more bedrooms 1.76