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Portland Public

Learn about the people, housing, costs and businesses in Portland Public, Michigan

Median Home$226,247
Median Rent$1,111/month
Population12,940
Leading IndustriesTransportation · Retail · Wholesale Trade4% transportation
Home Value Growth⬆⬆+13.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners81% of occupied units
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
NotableHigh Incomes$87k/year · top 30% nationally
Portland Public
MI

Frequently Asked Questions

What are today's mortgage rates in Portland Public?

As of today, the 30-year fixed mortgage rate for Portland Public is approximately 7.058% (7.099% 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 Public?

The median home value in Portland Public is $226k. The median monthly rent is $1,111. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Portland Public?

Home values in Portland Public have increased 13.9% 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 Public?

Based on a typical all-in ownership cost of $1,009/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Portland Public is $87k/year.

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What industries drive the economy in Portland Public?

The largest employment sectors in Portland Public are public administration (17%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.