Portland, MI is a great place to invest in real estate. The median home value is currently $229,400 and has appreciated 8.98% over the past year. This appreciation rate is higher than that of the US as a whole, which stands at 8.27%. This suggests that homes in Portland are more likely to increase in value than other places around the country. Given this information, it appears that investing in housing in Portland could be a great option for those looking for an investment property.
The median home cost in Portland is $229,400. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Portland is up 12.2%.
Average Age of Homes
- The median age of Portland real estate is 48 years old
The Rental Market in Portland
- Renters make up 26.5% of the Portland population
- 2.1% 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.