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These days, finding an affordable place to live in the Portage area can be challenging. Home prices in Portage are now at a median cost of $268,535, higher than the Michigan average of $250,415.
The average cost of rent is $1,199/mo in Portage, primarily driven by the current value of real estate in the Portage area. In Portage, 30.48% of households rent, and 37.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Portage is $7,976 per month. Households that rent pay about 15.04% of their income on rent here. Portage’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kalamazoo, MI: less expensive homes
- Schoolcraft, MI: higher priced homes
- Westwood, MI: less expensive homes
- Scotts, MI: equally priced homes
- Greater Galesburg, MI: less expensive homes
- Vicksburg, MI: equally priced homes
- Eastwood, MI: less expensive homes
- Parchment, MI: less expensive homes
- Mattawan, MI: equally priced homes
- Flowerfield, MI: equally priced homes
Cities with Similar Populations
- Spring Valley, NY: higher priced homes
- Kendale Lakes, FL: higher priced homes
- Lincoln, CA: higher priced homes
- Logan, UT: higher priced homes
- Lombard, IL: higher priced homes
- Morgan Hill, CA: higher priced homes
- New Bern, NC: equally priced homes
- Olive Branch, MS: higher priced homes
- Sebring, FL: less expensive homes
- Azusa, CA: higher priced homes
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