Portland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Portland Neighborhoods Since 2000




Portland, MI 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 3,923, 1,389 total housing units (homes and apartments), and a median house value of $152,821, Portland 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 Portland, accounting for 68.64% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 13.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), and a few mobile homes or trailers ( 6.94%).

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 77.83% of Portland's homes, and 54.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Portland 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 Portland built before 1939 ( 30.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.66%). There's also some housing in Portland built between 2000 and later ( 11.45%).

Vacant housing appears to be an issue in Portland. Fully 15.41% 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 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 -0.89%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$152,821

Portland, MI HOME PRICES

Value Range
> $1,116,000 0.0
$836,001 - $1,116,000 0.2
$558,001 - $836,000 1.4
$446,001 - $558,000 0.5
$335,001 - $446,000 4.8
$223,001 - $335,000 17.3
$112,001 - $223,000 50.5
$56,001 - $112,000 17.2
$0 - $56,000 8.2

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
48.8163600140631 35.5769230769231

Number Of Homes And Apartments:
1,389

Portland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
9.77% 0.54% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,014 / per month

Homeownership Rate

Homeownership
Owners 77.83
Renters 22.17
Vacant 15.41

Housing Market Details

 

Age of Homes

AGE OF Portland HOMES
2000 or Newer 11.4
1970 - 1999 35.7
1940 - 1969 22.7
1939 or Older 30.1

Types of Homes

TYPE OF Portland HOMES
Single-Family 68.6
Townhomes 2.3
Small Apt. Buildings 8.5
Apt. Complexes 13.6
Mobile Homes 6.9
Other 0.0

Home Size

SIZE OF Portland HOMES
No Bedroom 0.00
1 Bedroom 12.48
2 Bedrooms 28.99
3 Bedrooms 41.17
4 Bedrooms 12.85
5 or more bedrooms 4.51

Popular Neighborhoods in Portland

Zip Codes in Portland, MI