Portland, IN Foreclosures
How much do homes sell for in Portland, IN?
The average home price is currently $187,331.
In Portland, IN, how many homes are available?
There are currently 18 active home listings available in Portland.
What’s the average rental cost in Portland, IN?
The average rental price in Portland is $968.
What is the most expensive home in Portland?
The most expensive home sold in Portland had a price of $2,891,200.
What is currently the cheapest priced home in Portland, IN?
The cheapest home for sale in Portland is priced at $15,615.
Living in Portland, IN
Portland, IN, is a friendly small town that offers a suburban lifestyle with access to beautiful parks and a strong sense of community. Residents enjoy local amenities, educational opportunities, and a range of recreational activities. Its charming atmosphere combined with modern conveniences makes Portland a desirable place to live.
Current Market Conditions in Portland, IN
The current real estate market in Portland, IN, is experiencing a steady growth phase. With a mix of affordable housing options and a community-centric atmosphere, demand remains strong, especially among first-time homebuyers and families. The market is characterized by lower inventory levels leading to competitive pricing, making it an opportune time for sellers. The city’s economic stability and growing appeal are attracting more buyers, leading to a balanced market where homes typically sell within an acceptable timeframe.
In recent months, the interest rates have slightly affected buyer enthusiasm, but Portland's affordability continues to draw interest from people looking for homes in Indiana's rural and suburban areas. As a result, homes are still selling relatively quickly, and prices are stabilizing as more people realize the charm of small-town living in Portland.
Home Value Estimator For Portland, IN
There are currently 4,138 real estate properties
in Portland, IN,
with a median automated valuation model (AVM) price
of $153,332.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Portland, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Portland, IN,
is $187,331.00, with the most expensive house
in Portland, IN, topping out
at $2,891,200.00 and the cheapest home
in Portland, IN,
clocking in at $15,615.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Portland, IN!
Rent Prices
In Portland, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Portland, IN, is on
a rollercoaster ride. The
average rent price in Portland, IN,
is $968.00. Indeed, when looking to rent in
Portland, IN, you can expect to pay as little
as $430.00 or as much
as $2,520.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Portland, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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