Zip 47371 (Portland, IN) Housing

The housing in 47371 Portland, IN is relatively affordable as compared to the median US house value. The median house value in this area stands at $135,300, which is significantly lower than the US median of $338,100. House appreciation in the past year in 47371 Portland has been particularly strong with 13.04% growth year-on-year compared to the 8.27% national average. This makes investing in housing within this area an attractive option for many prospective buyers.

The median home cost in Portland (zip 47371) is $135,300. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Portland (zip 47371) is up 15.1%.

Average Age of Homes

- The median age of Portland (zip 47371) real estate is 60 years old

The Rental Market in Portland (zip 47371)

- Renters make up 24.7% of the Portland (zip 47371) population
- 2.0% of houses and apartments in Portland (zip 47371), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Portland, Indiana	United States
	5,308.0	139,647,020.0
	62	42
	$135,300	$338,100
	15.1%	16.6%
	51.5%	57.0%
	73.6%	101.1%
	$6.32	$10.98
	$639	$2,690
	66.5%	57.4%
	8.8%	11.2%
	24.7%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	5.8%	2.4%
	10.4%	2.8%
	13.1%	3.9%
	16.6%	4.5%
	22.1%	11.3%
	9.4%	13.0%
	11.5%	20.1%
	4.4%	13.6%
	0.0%	8.3%
	1.0%	9.7%
	0.5%	3.9%
	1.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.0%	13.6%
	5.0%	13.6%
	12.8%	13.6%
	9.3%	13.2%
	10.8%	14.8%
	12.8%	13.6%
	9.4%	10.0%
	6.3%	4.7%
	34.8%	12.2%

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