The housing market in Portland, IN is flourishing. The median value of a home is $134,100, which is significantly lower than the US median value of $338,100. Furthermore, the 1 year house appreciation rate in Portland, IN is 13.04%, which is higher than the national average of 8.27%. This indicates that home values in Portland are increasing and that it can be a great place to invest in real estate. Homeowners and prospective buyers should capitalize on this opportunity while they can as prices are likely to continue to rise over time.
The median home cost in Portland is $134,100. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Portland is up 15.1%.
Average Age of Homes
- The median age of Portland real estate is 64 years old
The Rental Market in Portland
- Renters make up 35.4% of the Portland population
- 3.7% 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.