Portland, TN Real Estate
According to census data in the year 2000 there were 3,511 housing units in Portland.
This represents a 67.1% growth from 2,101 in 1990.
Of those housing units, 3,191 were located in either urbanized areas or urban clusters, and 320 were located in what is classified as a rural area.
Homeownership rate in Portland is about 68%.
Portland's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Portland were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 9.10% |
| Two Bedrooms | 25% |
| Three Bedrooms | 54.90% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $85,000 |
| Median Price asked for vacant units | $107,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $503 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 62.10% |
| Debt Free | 27% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
