menu



Portland, TX Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Portland, TX Housing Market Trends

With 20,536 people, 6,869 houses or apartments, and a median cost of homes of $223,320, 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 72.42% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 15.38%), duplexes, homes converted to apartments or other small apartment buildings ( 8.78%), and a few row houses and other attached homes ( 1.80%).

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 63.59% owning and 36.41% 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 2000 and later ( 31.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.44%).

Vacant housing appears to be an issue in Portland. Fully 14.81% 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

Appreciation rates for homes in Portland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 77.76%, which ranks in the top 50% nationwide. This equates to an annual average Portland house appreciation rate of 5.92%.

NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 7.80%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been 1.31%, which annualizes to a rate of 5.33%.

Importantly, this makes Portland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Portland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portland - 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 Portland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$223,320

Portland, TX Home Prices
> $1,270,000
$953,001 - $1,270,000
$635,001 - $953,000
$508,001 - $635,000
$381,001 - $508,000
$254,001 - $381,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
0.3%
0.3%
0.3%
0.3%
1.4%
1.4%
3.4%
3.4%
8.6%
8.6%
22.2%
22.2%
48.2%
48.2%
11.2%
11.2%
4.4%
4.4%
0% 100.0%
% of Homes
Average

for Texas

Average

for nation

Number of Homes And Apartments:

6,869

Portland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,811 / per month

Homeownership Rate

Owners
Renters
Vacant
63.6%
63.6%
36.4%
36.4%
14.8%
14.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.4%
31.4%
47.3%
47.3%
20.4%
20.4%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.4%
72.4%
1.8%
1.8%
8.8%
8.8%
15.4%
15.4%
1.5%
1.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
5.4%
5.4%
18.3%
18.3%
46.8%
46.8%
25.5%
25.5%
3.0%
3.0%
0% 100.0%
% of Homes