The housing market in Portage, MI (49002) is flourishing. According to the latest figures, the median value of a house in this area is $227,600, which is significantly lower than the US median value of $338,100. Furthermore, the rate of 1 year house appreciation in Portage is 10.54%, much higher than the US's 8.27%. This indicates that real estate prices are increasing quickly and that now may be a great time to invest in property here. With relatively low housing costs and high returns on investments potential buyers should consider looking into this area for their next home purchase.
The median home cost in Portage (zip 49002) is $227,600. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Portage (zip 49002) is up 14.9%.
Average Age of Homes
- The median age of Portage (zip 49002) real estate is 46 years old
The Rental Market in Portage (zip 49002)
- Renters make up 29.6% of the Portage (zip 49002) population
- 0.9% of houses and apartments in Portage (zip 49002), 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.