The housing market in Portage, IN is thriving, evidenced by the median home value of $241,600. This is significantly lower than the US House Median Value of $338,100, yet still maintains an impressive one year appreciation rate of 9.67%, which is higher than the US average of 8.27%. With this increased trend in house appreciation, Portage appears to offer a reliable investment opportunity for those looking for a home or an investment property.
The median home cost in Portage is $241,600. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Portage is up 14.2%.
Average Age of Homes
- The median age of Portage real estate is 39 years old
The Rental Market in Portage
- Renters make up 24.3% of the Portage population
- 1.5% of houses and apartments in Portage, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.