Portage, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Portage Neighborhoods Since 2000




Portage, IN 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

Portage Housing Market Information

With 36,738 people, 13,959 houses or apartments, and a median cost of homes of $153,431, Portage real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Portage, accounting for 65.84% of the city's housing units. Other types of housing that are prevalent in Portage include large apartment complexes or high rise apartments ( 11.37%), mobile homes or trailers ( 10.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portage. Owner-occupied housing accounts for 70.61% of Portage's homes, and 63.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Portage built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Portage built between 1940-1969 ( 28.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.24%). There's also some housing in Portage built before 1939 ( 1.72%).

Portage Home Appreciation Rates

Real estate appreciation rates in Portage's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Portage's appreciation rate, at 3.87%, has been at or slightly above the national average. In the latest quarter, Portage's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Indiana, our data show that Portage's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Portage differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portage - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Portage real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,431

Portage, IN HOME PRICES

Value Range
> $1,085,000 0.7
$814,001 - $1,085,000 0.0
$542,001 - $814,000 0.1
$434,001 - $542,000 0.1
$325,001 - $434,000 1.6
$217,001 - $325,000 10.4
$108,001 - $217,000 64.0
$54,001 - $108,000 12.0
$0 - $54,000 11.0

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
48.5761162545412 25.7918552036199

Number Of Homes And Apartments:
13,959

Portage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
22.06% 1.16% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 70.61
Renters 29.39
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Portage HOMES
2000 or Newer 13.2
1970 - 1999 56.9
1940 - 1969 28.1
1939 or Older 1.7

Types of Homes

TYPE OF Portage HOMES
Single-Family 65.8
Townhomes 3.4
Small Apt. Buildings 8.4
Apt. Complexes 11.4
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Portage HOMES
No Bedroom 0.43
1 Bedroom 6.90
2 Bedrooms 25.97
3 Bedrooms 51.77
4 Bedrooms 11.37
5 or more bedrooms 3.55