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 38,327 people, 14,993 houses or apartments, and a median cost of homes of $239,462, house prices in Portage are solidly below the national average.
Single-family detached homes are the single most common housing type in Portage, accounting for 70.28% of the city's housing units. Other types of housing that are prevalent in Portage include large apartment complexes or high rise apartments ( 10.91%), mobile homes or trailers ( 9.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portage. Owner-occupied housing accounts for 72.37% of Portage's homes, and 66.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Portage 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 Portage built between 1940-1969 ( 29.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.37%). There's also some housing in Portage built before 1939 ( 4.03%).
Real estate appreciation rates in Portage's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.24% during the period.
NeighborhoodScout's data show that during the latest twelve months, Portage's appreciation rate, at 6.94%, has been at or slightly above the national average. In the latest quarter, Portage's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Indiana, our data show that Portage's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Portage differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portage - 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 Portage real estate investment or home purchase decisions.
$239,462
for Indiana
for nation
14,993
$1,867 / per month