The housing market in Portland, AR is significantly different than the national average. The median value for homes in Portland, AR is only $67,800, which is much lower than the US House Median Value of $338,100. However, this disparity between the two markets has widened in the past year due to a -100.00% house appreciation rate in Portland, AR compared to the US 1 year House Appreciation rate of 8.27%. This drastic difference between appreciation rates shows just how different the local housing market is from the national one.
The median home cost in Portland is $67,800. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Portland is up 19.7%.
Average Age of Homes
- The median age of Portland real estate is 47 years old
The Rental Market in Portland
- Renters make up 17.5% of the Portland population
- 2.0% 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.