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  4. /Portland, MI - 48875

Portland, MI—48875

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$295,000
5.6% YoY Growth
Household Income
$92,500
31.2% YoY Growth
Days on Market
22
41.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$800
0.0% YoY Growth
1-Bed Rent
$800
N/A
2-Bed Rent
$850
3.0% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Portland, MI

As of May '26, the median home price in Portland, MI is $295,000, with a year-over-year change of 5.6%. This indicates that home prices in Portland, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$295,0005.6%
Single Family $293,0005.8%
Condos $322,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$222,0006.2%
    3 Bed
    		$287,0004.0%
    4 Bed
    		$336,0004.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    2.2%
    2 Bedrooms
    20.0%
    3 Bedrooms
    50.0%
    4 Bedrooms
    22.4%
    5+ Bedrooms
    3.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$800$825
    Studio Rent N/AN/A
    1 Bed Rent $800$800
    2 Bed Rent $850$850
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    9.9%
    1 Bedroom
    8.0%
    2 Bedrooms
    45.8%
    3 Bedrooms
    31.8%
    4 Bedrooms
    4.1%
    5+ Bedrooms
    0.3%

    Property Listings — Portland, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Portland, MI is 22. This is a increase of 41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$270,00024.0%
    Listing Count
    		24-29.0%
    Listings as % of Homes0.6%-29.0%
    Days on Market
    		2241.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		11,1005.8%
    % Under 18
    		23.9%-9.8%
    % Seniors
    		15.4%7.7%
    % WFH
    		12.9%180.4%
    % w/ College Degree
    		29.9%25.6%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$260$800$1,060
    2 Bedroom$540$850$1,390
    3 BedroomN/AN/A$1,700
    4 BedroomN/AN/A$2,090

    Affordability — Portland, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$295,000
    Median Household Income$92,500

    Portland, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    48851

    Sunfield, MI

    48890

    Mulliken, MI

    48861

    Westphalia, MI

    48894

    Eagle, MI

    48822

    Frequently Asked Questions