The housing market in Portland, AR (zip code 71663) is significantly different than the national average. The median value of homes in Portland is $73,300, which is significantly lower than the U.S. median value of $338,100. Additionally, while the U.S. median home appreciation rate over the last year was 8.27%, the one-year house appreciation rate for Portland is -100%. This data suggests that the housing market in Portland has experienced a drastic decline over the past year, making it difficult for homeowners to retain or increase their equity in their property.
The median home cost in Portland (zip 71663) is $73,300. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Portland (zip 71663) is up 19.7%.
Average Age of Homes
- The median age of Portland (zip 71663) real estate is 51 years old
The Rental Market in Portland (zip 71663)
- Renters make up 18.5% of the Portland (zip 71663) population
- 1.2% of houses and apartments in Portland (zip 71663), 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.