Portland, MI—48875
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portland, MI
As of Oct '25, the median home price in Portland, MI is $277,000, with a year-over-year change of 4.3%. This indicates that home prices in Portland, MI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 4.3% |
| Single Family | $275,000 | 4.6% |
| Condos | $315,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 4.6% |
3 Bed | $273,000 | 2.6% |
4 Bed | $319,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Portland, MI
As of July '25, Rentcast reports the average rent in Portland, MI is $825, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Portland, MI is 1-bedrooms: $800, 2-bedrooms: $850. The most common rental property sizes in Portland, MI are 2-bedroom and 3-bedroom, accounting for 45.8% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Portland, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, MI is 77. This is a increase of 55.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 47.0% |
Listing Count | 14 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 77 | 55.0% |
Demographics — Portland, MI
As of the latest ACS Survey released in 2023, Portland, MI has a population of 11,100, which has increased by 5.8% over the past 5 years. Portland, MI is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 5.8% |
% Under 18 | 23.9% | -9.8% |
% Seniors | 15.4% | 7.7% |
% WFH | 12.9% | 180.4% |
% w/ College Degree | 29.9% | 25.6% |
As of the latest ACS Survey released in 2023, Portland, MI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Portland, MI is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.7% of the population in Portland, MI, and this percentage has decreased by 63.2% 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 | 89.5% | -2.1% |
% Black | 0.7% | -82.9% |
% Hispanic | 2.5% | 13.6% |
% Asian | 1.5% | 114.3% |
% Foreign Born | 0.7% | -63.2% |
Mortgage and Risk — Portland, MI
According to HUD data as of 2023, there were 184 mortgage originations in Portland, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Portland, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 184 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Portland, MI
Portland, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $800 | $1,060 |
| 2 Bedroom | $540 | $850 | $1,390 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Portland, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $277,000 |
| Median Household Income | $92,500 |