Portland, TX—78374
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portland, TX
As of Oct '25, the median home price in Portland, TX is $262,000, with a year-over-year change of -0.0%. This indicates that home prices in Portland, TX are flat. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | -0.0% |
| Single Family | $263,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $246,000 | 0.0% |
4 Bed | $321,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Portland, TX
As of July '25, Rentcast reports the average rent in Portland, TX is $2,060, with a year-over-year rent change of 12.6%. Per bedroom, the median rent as of July '25 in Portland, TX is 1-bedrooms: $1,070, 2-bedrooms: $1,240, 3-bedrooms: $2,120, 4-bedrooms: $2,420. The most common rental property sizes in Portland, TX are 2-bedroom and 3-bedroom, accounting for 39.6% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,040 | $1,070 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,900 | $2,120 |
| 4 Bed Rent | $2,300 | $2,420 |
% of Rental Stock
Property Listings — Portland, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, TX is 51. This is a decrease of -26.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | -4.0% |
Listing Count | 150 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 51 | -26.0% |
Demographics — Portland, TX
As of the latest ACS Survey released in 2023, Portland, TX has a population of 20,200, which has increased by 12.7% over the past 5 years. Portland, TX is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 12.7% |
% Under 18 | 24.9% | -13.2% |
% Seniors | 14.3% | 9.2% |
% WFH | 7.2% | 75.6% |
% w/ College Degree | 24.5% | -9.6% |
As of the latest ACS Survey released in 2023, Portland, TX is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Portland, TX is hispanic, making up 41.2% of the population. Foreign-born residents account for 6.7% of the population in Portland, TX, and this percentage has increased by 13.6% 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 | 50.7% | -12.3% |
% Black | 1.8% | 28.6% |
% Hispanic | 41.2% | 7.3% |
% Asian | 2.2% | 46.7% |
% Foreign Born | 6.7% | 13.6% |
Mortgage and Risk — Portland, TX
According to HUD data as of 2023, there were 353 mortgage originations in Portland, TX, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Portland, TX. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 353 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Portland, TX
As of 2024, the percent of homes in Portland, TX under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Portland, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,040 | $1,510 |
| 2 Bedroom | $660 | $1,200 | $1,860 |
| 3 Bedroom | $530 | $1,900 | $2,430 |
| 4 Bedroom | $540 | $2,300 | $2,840 |
Affordability — Portland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $262,000 |
| Median Household Income | $81,600 |