Portland, TN—37148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portland, TN
As of Oct '25, the median home price in Portland, TN is $325,000, with a year-over-year change of 1.1%. This indicates that home prices in Portland, TN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | 1.1% |
| Single Family | $325,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 1.3% |
3 Bed | $333,000 | 0.9% |
4 Bed | $470,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Portland, TN
As of July '25, Rentcast reports the average rent in Portland, TN is $1,420, with a year-over-year rent change of -18.4%. Per bedroom, the median rent as of July '25 in Portland, TN is 1-bedrooms: $882, 2-bedrooms: $1,210, 3-bedrooms: $1,790. The most common rental property sizes in Portland, TN are 2-bedroom and 3-bedroom, accounting for 48.1% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $879 | $882 |
| 2 Bed Rent | $1,230 | $1,210 |
| 3 Bed Rent | $1,800 | $1,790 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Portland, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, TN is 73. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | 4.0% |
Listing Count | 163 | 15.0% |
| Listings as % of Homes | 1.1% | 15.0% |
Days on Market | 73 | 42.0% |
Demographics — Portland, TN
As of the latest ACS Survey released in 2023, Portland, TN has a population of 25,400, which has increased by 6.0% over the past 5 years. Portland, TN is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | 6.0% |
% Under 18 | 26.5% | 2.3% |
% Seniors | 13.7% | 6.2% |
% WFH | 8.3% | 137.1% |
% w/ College Degree | 14.4% | 28.6% |
As of the latest ACS Survey released in 2023, Portland, TN is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Portland, TN is hispanic, making up 5.6% of the population. Foreign-born residents account for 3.0% of the population in Portland, TN, and this percentage has increased by 30.4% 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 | 89.1% | -1.1% |
% Black | 2.8% | 64.7% |
% Hispanic | 5.6% | 21.7% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 3.0% | 30.4% |
Mortgage and Risk — Portland, TN
According to HUD data as of 2023, there were 651 mortgage originations in Portland, TN, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Portland, TN. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 651 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Portland, TN
Portland, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 176 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $421 | $879 | $1,300 |
| 2 Bedroom | $230 | $1,230 | $1,460 |
| 3 Bedroom | $40 | $1,800 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Portland, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $325,000 |
| Median Household Income | $77,700 |