Portage, WI—53901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portage, WI
As of Nov '25, the median home price in Portage, WI is $278,000, with a year-over-year change of 6.1%. This indicates that home prices in Portage, WI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | 6.1% |
| Single Family | $279,000 | 5.7% |
| Condos | $268,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 3.2% |
3 Bed | $272,000 | 3.8% |
4 Bed | $308,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Portage, WI
As of July '25, Rentcast reports the average rent in Portage, WI is $1,300, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Portage, WI is 2-bedrooms: $1,180. The most common rental property sizes in Portage, WI are 2-bedroom and 1-bedroom, accounting for 58.3% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,180 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Portage, WI
As of Nov '25, Realtor.com reports that the median days on market for a home in Portage, WI is 60. This is a decrease of -2.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 33.0% |
Listing Count | 58 | 54.0% |
| Listings as % of Homes | 0.3% | 54.0% |
Days on Market | 60 | -2.0% |
Demographics — Portage, WI
As of the latest ACS Survey released in 2023, Portage, WI has a population of 14,700, which has remained stable by -0.3% over the past 5 years. Portage, WI is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | -0.3% |
% Under 18 | 18.3% | -5.7% |
% Seniors | 17.0% | -4.0% |
% WFH | 6.6% | 120.0% |
% w/ College Degree | 19.8% | 13.1% |
As of the latest ACS Survey released in 2023, Portage, WI is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Portage, WI is hispanic, making up 5.2% of the population. Foreign-born residents account for 3.3% of the population in Portage, WI, and this percentage has increased by 32.0% 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 | 87.3% | -2.0% |
% Black | 3.9% | 11.4% |
% Hispanic | 5.2% | 40.5% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 3.3% | 32.0% |
Mortgage and Risk — Portage, WI
According to HUD data as of 2023, there were 476 mortgage originations in Portage, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Portage, WI. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 476 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Portage, WI
Portage, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 217 |
Total Units Section 8 | 205 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | -$200 | $1,300 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Portage, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $278,000 |
| Median Household Income | $72,200 |