Portland, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Portland Neighborhoods Since 2000




Portland, TX 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 16,116, 5,404 total housing units (homes and apartments), and a median house value of $171,933, 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 73.02% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 16.81%), duplexes, homes converted to apartments or other small apartment buildings ( 8.63%), and a few row houses and other attached homes ( 1.37%).

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 61.76% owning and 38.24% renting.

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 between 1940-1969 ( 26.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.21%). There's also some housing in Portland built before 1939 ( 1.59%).

Portland Home Appreciation Rates

In the last 10 years, Portland has experienced some of the highest home appreciation rates of any community in the nation. Portland real estate appreciated 19.53% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting Portland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Portland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been -4.66%, which annualizes to a rate of -17.38%.

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

Relative to Texas, our data show that Portland's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$171,933

Portland, TX HOME PRICES

Value Range
> $1,153,000 0.0
$865,001 - $1,153,000 0.3
$577,001 - $865,000 3.0
$461,001 - $577,000 1.3
$346,001 - $461,000 1.7
$231,001 - $346,000 10.3
$115,001 - $231,000 60.6
$58,001 - $115,000 17.9
$0 - $58,000 4.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
40.9234735731865 24.4163424124514

Number Of Homes And Apartments:
5,404

Portland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
59.34% 2.74% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,360 / per month

Homeownership Rate

Homeownership
Owners 61.76
Renters 38.24
Vacant 7.66

Housing Market Details

 

Age of Homes

AGE OF Portland HOMES
2000 or Newer 13.2
1970 - 1999 58.7
1940 - 1969 26.5
1939 or Older 1.6

Types of Homes

TYPE OF Portland HOMES
Single-Family 73.0
Townhomes 1.4
Small Apt. Buildings 8.6
Apt. Complexes 16.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Portland HOMES
No Bedroom 6.72
1 Bedroom 5.45
2 Bedrooms 13.52
3 Bedrooms 53.18
4 Bedrooms 19.10
5 or more bedrooms 2.03