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Portage, MI Real Estate


According to census data in the year 2000 there were 18,885 housing units in Portage. This represents a 17.1% growth from 16,133 in 1990.

Of those housing units, 18,858 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.

Homeownership rate in Portage is about 69%. Portage's vacancy rate, including seasonal lodging, is about 3.9%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Portage were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom14.20%
Two Bedrooms21.20%
Three Bedrooms39.50%
Four Bedrooms20.30%
Five Bedrooms or more3.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1968
Median Value of occupied units$120,800
Median Price asked for vacant units$122,600

Rented Homes, Apartments and Condos

Average Household Size1.91
Median year structure was built1979
Median Monthly Rent asked for vacant units$494

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6.60%
Home Equity Loan13.90%
Simple Mortgage51.40%
Debt Free27.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%