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 6,234, 2,710 total housing units (homes and apartments), and a median house value of $96,240, 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 75.57% 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 ( 11.99%), large apartment complexes or high rise apartments ( 8.16%), and a few mobile homes or trailers ( 3.17%).
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 ( 36.45%), 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 ( 32.79%), followed by between 1970-1999 ( 23.29%). There's also some housing in Portland built between 2000 and later ( 7.48%).
Vacant housing appears to be an issue in Portland. Fully 11.50% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Portland, where house values have increased just 49.15%, which is annualized rate of 4.08%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Portland appreciation rates have trailed the rest of the nation. In the last twelve months, Portland's appreciation rate has been -2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portland were at 1.91%, which equates to an annual appreciation rate of 7.88%.
Relative to Indiana, our data show that Portland's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.
$96,240
for Indiana
for nation
2,710
$1,128 / per month