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Portland

Learn about the people, housing, costs and businesses in Portland, Connecticut

Median Home$299,426
Median Rent$1,157/month
Population5,760
Leading IndustriesWholesale Trade · Public Administration · Arts, Food & Hospitality11% wholesale trade
Home Value Growth⬆⬆+15.8% over 2 years
Young Adults25% of residents
Homeowners79% of occupied units
NotableHighly Educated28% bachelor's · 18% graduate · top 12% nationally
NotableHigh Incomes$98k/year · top 19% nationally
Portland
CT

Frequently Asked Questions

What are today's mortgage rates in Portland?

As of today, the 30-year fixed mortgage rate for Portland is approximately 6.920% (6.957% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Portland?

The median home value in Portland is $299k. The median monthly rent is $1,157. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Portland?

Home values in Portland have increased 15.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Portland?

Based on a typical all-in ownership cost of $1,701/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Portland is $98k/year.

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What industries drive the economy in Portland?

The largest employment sectors in Portland are public administration (28%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.