Portland, NY has a relatively high median housing value of $178,800 that exceeds the US median housing value by almost half. Additionally, house appreciation in Portland, NY is higher than the national average with 12.01% compared to 8.27%. This indicates that the right kind of investment in Portland can yield strong returns for those looking to purchase or invest in real estate. With its higher median values and higher appreciation rate for residential properties, Portland is a great option for anyone looking to invest in property.
The median home cost in Portland is $178,800. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Portland is up 14.5%.
Average Age of Homes
- The median age of Portland real estate is 62 years old
The Rental Market in Portland
- Renters make up 20.0% of the Portland population
- 0.5% of houses and apartments in Portland, 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.