Portland, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Portland Neighborhoods Since 2000




Portland, 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

Portland Housing Market Information

With a population of 6,186, 2,607 total housing units (homes and apartments), and a median house value of $77,551, house prices in Portland are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Portland, accounting for 76.67% of the city's housing units. Other types of housing that are prevalent in Portland include duplexes, homes converted to apartments or other small apartment buildings ( 12.81%), large apartment complexes or high rise apartments ( 6.62%), and a few mobile homes or trailers ( 2.92%).

The most prevalent building size and type in Portland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.16% owning and 40.84% renting.

The housing in Portland was primarily built before 1939 ( 36.91%), making the housing stock in Portland some of the oldest overall in America, although there is a range of ages of homes in Portland. The next most important housing age is between 1940-1969 ( 33.98%), followed by between 1970-1999 ( 23.71%). There's also some housing in Portland built between 2000 and later ( 5.40%).

Portland Home Appreciation Rates

Real estate appreciation rates in Portland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Indiana, our data show that Portland's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$77,551

Portland, IN HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.0
$424,001 - $530,000 0.0
$318,001 - $424,000 0.6
$212,001 - $318,000 2.6
$106,001 - $212,000 20.7
$53,001 - $106,000 52.2
$0 - $53,000 23.9

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
91.9371850462909 93.4389140271493

Number Of Homes And Apartments:
2,607

Portland 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
4.20% 0.24% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$650 / per month

Homeownership Rate

Homeownership
Owners 59.16
Renters 40.84
Vacant 9.23

Housing Market Details

 

Age of Homes

AGE OF Portland HOMES
2000 or Newer 5.4
1970 - 1999 23.7
1940 - 1969 34.0
1939 or Older 36.9

Types of Homes

TYPE OF Portland HOMES
Single-Family 76.7
Townhomes 1.0
Small Apt. Buildings 12.8
Apt. Complexes 6.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Portland HOMES
No Bedroom 0.24
1 Bedroom 16.19
2 Bedrooms 26.92
3 Bedrooms 41.92
4 Bedrooms 12.29
5 or more bedrooms 2.44

Popular Neighborhoods in Portland

Zip Codes in Portland, IN