Zip 48875 (Portland, MI) Housing

Portland, MI has a median housing value of $238,600, which is slightly lower than the national median of $338,100. Despite this discrepancy, the appreciation rate for homes in Portland over the last year is 8.98%, which is higher than the US average of 8.27%. This could mean that Portland is beginning to become an attractive place to live and invest in property for people looking for a more affordable market with faster-than-average appreciation rates.

The median home cost in Portland (zip 48875) is $238,600. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Portland (zip 48875) is up 12.2%.

Average Age of Homes

- The median age of Portland (zip 48875) real estate is 41 years old

The Rental Market in Portland (zip 48875)

- Renters make up 17.6% of the Portland (zip 48875) population
- 0.8% of houses and apartments in Portland (zip 48875), 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, Michigan	United States
	4,272.0	139,647,020.0
	43	42
	$238,600	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$13.09	$10.98
	$2,128	$2,690
	74.6%	57.4%
	3.6%	11.2%
	21.8%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	4.0%	2.4%
	1.2%	2.8%
	2.8%	3.9%
	7.1%	4.5%
	26.0%	11.3%
	20.5%	13.0%
	22.8%	20.1%
	8.8%	13.6%
	2.4%	8.3%
	1.0%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	18.2%	13.6%
	18.2%	13.6%
	13.7%	13.6%
	7.5%	13.2%
	15.3%	14.8%
	13.7%	13.6%
	7.7%	10.0%
	3.2%	4.7%
	21.6%	12.2%

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