Portland, MI Real Estate
According to census data in the year 2000 there were 1,557 housing units in Portland.
This represents a 5.3% growth from 1,479 in 1990.
Of those housing units, 1,544 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Portland is about 74.5%.
Portland's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Portland were built after 1953.
|Housing Units by Size|
|Five Bedrooms or more||3.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.62|
|Median year structure was built||1952|
|Median Value of occupied units||$104,300|
|Median Price asked for vacant units||$75,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.92|
|Median year structure was built||1963|
|Median Monthly Rent asked for vacant units||$400|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||12.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16%|