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These days, finding an affordable place to live in the Portland area can be challenging. Home prices in Portland are now at a median cost of $161,146, lower than the Illinois average of $300,242.
The average cost of rent is $694/mo in Portland, primarily driven by the current value of real estate in the Portland area. In Portland, 13.13% of households rent, and 36.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Portland is $8,437 per month. Households that rent pay about 8.22% of their income on rent here. Portland’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prophetstown, IL: equally priced homes
- Lyndon, IL: less expensive homes
- Erie, IL: equally priced homes
- Fenton, IL: higher priced homes
- Spring Hill, IL: higher priced homes
- Yorktown, IL: higher priced homes
- Round Grove, IL: equally priced homes
- Tampico, IL: less expensive homes
- Morrison, IL: equally priced homes
- Hooppole, IL: equally priced homes
Cities with Similar Populations
- White Mountain, AK: less expensive homes
- Clemons, IA: equally priced homes
- Cliftonville, MS: less expensive homes
- Commerce, MO: equally priced homes
- Conewango, NY: less expensive homes
- Williams Center, OH: higher priced homes
- Wilksburg, SC: less expensive homes
- Whiting, ME: higher priced homes
- Crary Mills, NY: equally priced homes
- White Pine, MI: less expensive homes
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