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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Portland, CT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Portland, CT Housing Market Trends

With 9,429 people, 3,569 houses or apartments, and a median cost of homes of $503,790, Portland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Portland, accounting for 82.27% of the town's housing units. Other types of housing that are prevalent in Portland include duplexes, homes converted to apartments or other small apartment buildings ( 12.00%), large apartment complexes or high rise apartments ( 3.64%), and a few row houses and other attached homes ( 2.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portland. Owner-occupied housing accounts for 81.28% of Portland's homes, and 69.26% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Portland's housing was primarily built during this period, from the '40s through the '60s. A full 37.14% of the town's housing hails from this era. Other housing ages represented in Portland include homes built before 1939 ( 27.97%) and housing constructed between 1970-1999 ( 18.86%). There's also some housing in Portland built between 2000 and later ( 16.03%).

Portland Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Portland, where house values have increased just 54.73%, which is annualized rate of 4.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Portland appreciation rates have trailed the rest of the nation. In the last twelve months, Portland's appreciation rate has been 5.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portland were at 2.73%, which equates to an annual appreciation rate of 11.36%.

Relative to Connecticut, our data show that Portland's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

Median Home Value

$503,790

Portland, CT Home Prices
> $1,357,000
$1,018,001 - $1,357,000
$679,001 - $1,018,000
$543,001 - $679,000
$407,001 - $543,000
$272,001 - $407,000
$136,001 - $272,000
$68,001 - $136,000
$0 - $68,000
0.5%
0.5%
0.9%
0.9%
7.8%
7.8%
19.5%
19.5%
17.5%
17.5%
41.5%
41.5%
9.9%
9.9%
0.5%
0.5%
1.9%
1.9%
0% 100.0%
% of Homes
Average

for Connecticut

Very High

for nation

Number of Homes And Apartments:

3,569

Portland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,078 / per month

Homeownership Rate

Owners
Renters
81.3%
81.3%
18.7%
18.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.9%
7.9%
92.1%
92.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.0%
16.0%
18.9%
18.9%
37.1%
37.1%
28.0%
28.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.3%
82.3%
2.1%
2.1%
12.0%
12.0%
3.6%
3.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
10.7%
10.7%
16.1%
16.1%
51.0%
51.0%
18.3%
18.3%
3.2%
3.2%
0% 100.0%
% of Homes