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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Portland, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Portland, TX Housing Market Trends

With 20,350 people, 7,066 houses or apartments, and a median cost of homes 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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$254,843

Portland, TX Home Prices
> $1,255,000
$941,001 - $1,255,000
$628,001 - $941,000
$502,001 - $628,000
$377,001 - $502,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
0.5%
0.5%
0.1%
0.1%
2.5%
2.5%
4.4%
4.4%
10.3%
10.3%
38.5%
38.5%
32.6%
32.6%
6.9%
6.9%
4.2%
4.2%
0% 100.0%
% of Homes
Average

for Texas

Average

for nation

Number of Homes And Apartments:

7,066

Portland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,522 / per month

Homeownership Rate

Owners
Renters
65.3%
65.3%
34.7%
34.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.0%
15.0%
85.0%
85.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.2%
33.2%
48.8%
48.8%
17.7%
17.7%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.5%
72.5%
1.7%
1.7%
6.6%
6.6%
16.8%
16.8%
2.3%
2.3%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
7.4%
7.4%
17.3%
17.3%
46.8%
46.8%
25.0%
25.0%
2.7%
2.7%
0% 100.0%
% of Homes