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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 $219,189, lower than the Michigan average of $250,415.
The average cost of rent is $1,074/mo in Portland, primarily driven by the current value of real estate in the Portland area. In Portland, 22.54% of households rent, and 43.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Portland is $7,043 per month. Households that rent pay about 15.24% of their income on rent here. Portland’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lyons, MI: less expensive homes
- Westphalia, MI: higher priced homes
- West Sebewa, MI: equally priced homes
- Eagle, MI: higher priced homes
- Mulliken, MI: equally priced homes
- Sunfield, MI: equally priced homes
- Little Venice, MI: equally priced homes
- Tremaine Corners, MI: equally priced homes
- Pewamo, MI: equally priced homes
- Smyrna, MI: equally priced homes
Cities with Similar Populations
- Cross Lanes, WV: less expensive homes
- Clyde, NC: higher priced homes
- Clyde, OH: less expensive homes
- Coarsegold, CA: higher priced homes
- Cochran, GA: less expensive homes
- Coffeyville, KS: less expensive homes
- Colbert, WA: higher priced homes
- College Place, WA: higher priced homes
- Collegedale, TN: higher priced homes
- Colts Neck, NJ: higher priced homes
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