The housing market in Portage, MI is thriving, as evidenced by its median house value of $252,100. This is significantly lower than the national median house value of $338,100. However, the area has seen greater appreciation in the past year with a 10.54% growth rate compared to the US 1 year House Appreciation of 8.27%. This indicates that the housing market in Portage, MI is robust and continues to be a desirable place to live for potential homebuyers.
The median home cost in Portage is $252,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Portage is up 14.9%.
Average Age of Homes
- The median age of Portage real estate is 42 years old
The Rental Market in Portage
- Renters make up 30.6% of the Portage population
- 1.6% 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.