Portland, IN Real Estate
According to census data in the year 2000 there were 2,915 housing units in Portland.
This represents a 2.3% growth from 2,850 in 1990.
Of those housing units, 2,870 were located in either urbanized areas or urban clusters, and 45 were located in what is classified as a rural area.
Homeownership rate in Portland is about 68.5%.
Portland's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Portland were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 12.60% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 39.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $63,200 |
| Median Price asked for vacant units | $66,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 47.70% |
| Debt Free | 42.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
