Portland, CT—06480
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portland, CT
As of Oct '25, the median home price in Portland, CT is $399,000, with a year-over-year change of 5.5%. This indicates that home prices in Portland, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 5.5% |
| Single Family | $406,000 | 5.5% |
| Condos | $323,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $247,000 | 4.7% |
2 Bed | $329,000 | 4.8% |
3 Bed | $389,000 | 5.1% |
4 Bed | $509,000 | 6.5% |
| 5 Bed | $551,000 | 9.1% |
% of Housing Stock
Rental Trends — Portland, CT
Portland, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,960 |
| 3 Bed Rent | $2,200 | $2,220 |
| 4 Bed Rent | $2,950 | $3,080 |
% of Rental Stock
Property Listings — Portland, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, CT is 37. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $461,000 | 0.0% |
Listing Count | 19 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 37 | -18.0% |
Demographics — Portland, CT
As of the latest ACS Survey released in 2023, Portland, CT has a population of 9,420, which has remained stable by 0.6% over the past 5 years. Portland, CT is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 49.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,420 | 0.6% |
% Under 18 | 23.3% | 9.4% |
% Seniors | 18.1% | -6.2% |
% WFH | 14.2% | 82.1% |
% w/ College Degree | 49.9% | 38.6% |
As of the latest ACS Survey released in 2023, Portland, CT is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Portland, CT is asian, making up 3.8% of the population. Foreign-born residents account for 5.8% of the population in Portland, CT, and this percentage has increased by 141.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.9% | -8.7% |
% Black | 1.4% | 180.0% |
% Hispanic | 3.8% | 81.0% |
% Asian | 3.8% | 1,166.7% |
% Foreign Born | 5.8% | 141.7% |
Mortgage and Risk — Portland, CT
According to HUD data as of 2023, there were 210 mortgage originations in Portland, CT, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Portland, CT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Portland, CT
Portland, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | -$260 | $1,800 | $1,540 |
| 3 Bedroom | -$340 | $2,200 | $1,860 |
| 4 Bedroom | -$750 | $2,950 | $2,200 |
Affordability — Portland, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $399,000 |
| Median Household Income | $119,000 |