Portage, IN 46368 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Portage, IN—46368

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

0.8% YoY Growth

Household Income

$72,600

32.6% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,300

5.3% YoY Growth

1-Bed Rent

$1,050

11.5% YoY Growth

2-Bed Rent

$1,250

5.0% YoY Growth

3-Bed Rent

$2,140

25.6% YoY Growth

Home Price Trends — Portage, IN

As of Dec '25, the median home price in Portage, IN is $264,000, with a year-over-year change of 0.8%. This indicates that home prices in Portage, IN are flat. 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	$264,000	0.8%
Single Family	$264,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Portage, IN

As of July '25, Rentcast reports the average rent in Portage, IN is $1,610, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Portage, IN is 1-bedrooms: $1,160, 2-bedrooms: $1,330, 3-bedrooms: $2,650. The most common rental property sizes in Portage, IN are 2-bedroom and 3-bedroom, accounting for 47.4% and 22.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,610
Studio Rent	N/A	N/A
1 Bed Rent	$1,050	$1,160
2 Bed Rent	$1,250	$1,330
3 Bed Rent	$2,140	$2,650
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

4.1%

1 Bedroom

20.9%

2 Bedrooms

47.4%

3 Bedrooms

22.7%

4 Bedrooms

4.5%

5+ Bedrooms

0.4%

Property Listings — Portage, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Portage, IN is 46. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$316,000	5.0%
Listing Count	149	40.0%
Listings as % of Homes	0.4%	40.0%
Days on Market	58	2.0%

Loading chart...

Demographics — Portage, IN

As of the latest ACS Survey released in 2023, Portage, IN has a population of 40,200, which has increased by 3.9% over the past 5 years. Portage, IN is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	40,200	3.9%
% Under 18	22.1%	-2.2%
% Seniors	17.2%	17.0%
% WFH	5.0%	66.7%
% w/ College Degree	17.6%	1.1%

Loading chart...

As of the latest ACS Survey released in 2023, Portage, IN is a predominantly white area, with 67.2% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Portage, IN is hispanic, making up 18.5% of the population. Foreign-born residents account for 3.3% of the population in Portage, IN, and this percentage has decreased by 32.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	67.2%	-4.3%
% Black	10.2%	17.2%
% Hispanic	18.5%	2.2%
% Asian	1.2%	-25.0%
% Foreign Born	3.3%	-32.7%

Loading chart...

Mortgage and Risk — Portage, IN

According to HUD data as of 2023, there were 789 mortgage originations in Portage, IN, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Portage, IN. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	789
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

Loading chart...

Rentals and Section 8 — Portage, IN

Portage, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	180
Total Units Section 8	180
% Rentals under Section 8	4.7%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$50	$1,050	$1,000
2 Bedroom	-$40	$1,250	$1,210
3 Bedroom	-$650	$2,140	$1,490
4 Bedroom	N/A	N/A	$1,600

Portage, IN—46368

Key Metrics at a Glance

Home Price Trends — Portage, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portage, IN

% of Rental Stock

Property Listings — Portage, IN

Demographics — Portage, IN

Race and Ethnicity

Mortgage and Risk — Portage, IN

Mortgages

Rentals and Section 8 — Portage, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Portage, IN

Home Price to Income Ratio

Portage, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Wheeler

Gary, IN

Lake Station, IN

Hobart, IN

Valparaiso, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$264,000
Median Household Income	$72,600

Portage, IN—46368

Key Metrics at a Glance

Home Price Trends — Portage, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portage, IN

% of Rental Stock

Property Listings — Portage, IN

Demographics — Portage, IN

Race and Ethnicity

Mortgage and Risk — Portage, IN

Mortgages

Rentals and Section 8 — Portage, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Portage, IN

Home Price to Income Ratio

Portage, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Wheeler

Gary, IN

Lake Station, IN

Hobart, IN

Valparaiso, IN

Frequently Asked Questions

What is the average home price in Portage, IN 46368?

How have home prices in Portage, IN 46368 changed over the past year?

What is the home price projection for Portage, IN 46368?

What are the demographics of Portage, IN 46368?

How long does it take homes to sell in Portage, IN 46368?

What is the average rent price in Portage, IN 46368?