Portage, IN—46368
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portage, IN
As of Oct '25, the median home price in Portage, IN is $263,000, with a year-over-year change of 1.1%. This indicates that home prices in Portage, IN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 1.1% |
| Single Family | $263,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 3.6% |
3 Bed | $256,000 | 0.8% |
4 Bed | $338,000 | 0.3% |
| 5 Bed | $349,000 | 0.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Portage, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Portage, IN is 44. This is a decrease of 0.0% 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 | $324,000 | 1.0% |
Listing Count | 148 | 53.0% |
| Listings as % of Homes | 0.4% | 53.0% |
Days on Market | 44 | 0.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Portage, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $263,000 |
| Median Household Income | $72,600 |