Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 20,350, 7,066 total housing units (homes and apartments), and a median house value of $254,843, Portland real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Portland, accounting for 72.45% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 16.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.61%), and a few mobile homes or trailers ( 2.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portland. Owner-occupied housing accounts for 65.29% of Portland's homes, and 71.77% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Portland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Portland built between 2000 and later ( 33.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.70%).
Vacant housing appears to be an issue in Portland. Fully 14.97% of the housing stock is classified as vacant. Left unchecked, vacant Portland homes and apartments can be a drag on the real estate market, holding Portland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Portland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Portland during the period has been just 4.99%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Portland's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been 5.40%, which annualizes to a rate of 23.42%.
Importantly, this makes Portland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Portland's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Portland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Portland real estate investment or home purchase decisions.
$254,843
for Texas
for nation
7,066
$2,522 / per month