Median price for residential apartments in Portage, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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202 Portage, IN, USA apartments for sale
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Portage
According to statistics, the population in Portage, IN amounts to 36,849, which shows decline -1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $54,566, shifting decline 1% from the past year, and the average property value in Portage, IN growth 4% to $141,000 throughout the year.
| Population | 36,849 |
| Median Age | 39.1 |
| Poverty Rate | 17% |
| Household Income | $54,566 |
| Number Of Employees | 17,213 |
| Median Property Value | $141,000 |
Household Income
The average household income in Portage, IN grew from $54,069 to $54,566 in the past year. This data is an estimate based upon 14,323 households in Portage, IN . The chart below presents how household income is distributed in Portage, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Portage, IN shifted from $136,000 to $141,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Portage, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Portage, IN properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Portage, IN compared to median property taxes around the country. The prevalent amount of property taxes in Portage, IN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Portage, IN, USA
Average apartment sale in Portage: $267,618 (+1.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $210,314 | -2.2% |
| 2-bed apartments | $202,820 | -2.8% |
| 3-bed apartments | $258,158 | +5.6% |
| 4+ bed apartments | $372,775 | +4.7% |
During Jan 2023, the average price for an apartment in/near Portage, IN increased by 1.3% to $267,618.
Knowing the current property prices is key if you plan to buy a studio in Portage, IN. The average price for a studio has decreased since the last month, currently being $210,314. Asking price for 2-bed apartment also decreased by 2.8% and a place of this size will now cost you $202,820. A 3-bed apartment goes for $258,158, it increased by 5.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 4.7% and made it up to $372,775.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Lofts for sale | $210,000 | +0% |
| Land for sale | $210,272 | -2.2% |
| Houses for sale | $289,898 | +1.8% |
| Duplexes for sale | $192,900 | +0% |
| Condos for sale | $348,614 | +2.6% |
| Apartments for sale | $205,000 | N/A |
While assessing the property pricing Portage, IN, you can note that it remains flat with a price tag of $205,000. Price reports demonstrate that house price increased by 1.8% this month making it up to $289,898. Condos are really in demand in this season. The median price for a condo increased by 2.6%, it’s now available for $348,614. An average value of duplex is $192,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $210,000. The average price of the land for sale in Portage, IN has decreased by 2.2%, and now equals $210,272.
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