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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,228, 2,634 total housing units (homes and apartments), and a median house value of $103,233, 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 74.49% 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 ( 10.28%), large apartment complexes or high rise apartments ( 9.29%), and a few mobile homes or trailers ( 3.39%).
People in Portland primarily live in small (one, two or no bedroom) single-family detached homes. Portland has a mixture of owner-occupied and renter-occupied housing.
The housing in Portland was primarily built before 1939 ( 37.21%), 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 ( 31.82%), followed by between 1970-1999 ( 25.10%). There's also some housing in Portland built between 2000 and later ( 5.87%).
Vacant housing appears to be an issue in Portland. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Portland homes and apartments can be a drag on the real estate market, holding Portland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 4.31%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 11.42%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been 1.26%, which annualizes to a rate of 5.13%.
Relative to Indiana, our data show that Portland's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.
$1,210 / per month