Portland, MI Real Estate
According to census data in the year 2000 there were 1,557 housing units in Portland.
This represents a 5.3% growth from 1,479 in 1990.
Of those housing units, 1,544 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Portland is about 74.5%.
Portland's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Portland were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 6.20% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 47.70% |
| Four Bedrooms | 17.30% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $104,300 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $400 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 49.50% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
