According to statistics, the population in Portage, MI amounts to 48,072, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $60,260, shifting growth 5% from the past year, and the average property value in Portage, MI growth 3% to $153,800 throughout the year.
|Number Of Employees||24,388|
|Median Property Value||$153,800|
The average household income in Portage, MI grew from $57,526 to $60,260 in the past year. This data is an estimate based upon 19,552 households in Portage, MI . The chart below presents how household income is distributed in Portage, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Portage, MI shifted from $148,900 to $153,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Portage, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Portage, MI properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Portage, MI compared to median property taxes around the country. The prevalent amount of property taxes in Portage, MI equals $3000, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Portage, MI decreased by 5.7% to $290,714.
Asking price for 2-bed apartment also increased by 11.6% and a place of this size will now cost you $243,492. A 3-bed apartment goes for $276,676, it decreased by 2.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.7% and made it down to $358,041.
Price reports demonstrate that house price decreased by 10.5% this month making it up to $288,036. Condos are really in demand in this season. The median price for a condo increased by 53.2%, it’s now available for $409,475. The price dynamics of lofts changed, it increased by 307.4%, the price tag now starts at $1,050,000.