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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.



Portage, PA 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

Portage, PA Housing Market Trends

With a population of 2,411, 1,135 total housing units (homes and apartments), and a median house value of $114,510, house prices in Portage are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Portage, accounting for 69.69% of the borough's housing units. Other types of housing that are prevalent in Portage include large apartment complexes or high rise apartments ( 14.27%), duplexes, homes converted to apartments or other small apartment buildings ( 7.29%), and a few row houses and other attached homes ( 5.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Portage. Owner-occupied housing accounts for 70.99% of Portage's homes, and 47.51% have either three or four bedrooms, which is average sized relative to America.

The housing in Portage was primarily built before 1939 ( 51.80%), making the housing stock in Portage some of the oldest overall in America, although there is a range of ages of homes in Portage. The next most important housing age is between 1940-1969 ( 35.92%), followed by between 1970-1999 ( 11.82%).

Vacant housing appears to be an issue in Portage. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Portage homes and apartments can be a drag on the real estate market, holding Portage real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Portage Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Portage, where house values have increased just 51.20%, which is annualized rate of 4.22%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Portage appreciation rates have trailed the rest of the nation. In the last twelve months, Portage's appreciation rate has been -1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portage were at -0.69%, which equates to an annual appreciation rate of -2.73%.

Notably, Portage's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Portage's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$114,510

Portage, PA Home Prices
> $1,272,000
$954,001 - $1,272,000
$636,001 - $954,000
$509,001 - $636,000
$382,001 - $509,000
$254,001 - $382,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.0%
5.0%
37.0%
37.0%
45.7%
45.7%
12.3%
12.3%
0% 100.0%
% of Homes
Very Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

1,135

Portage Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,118 / per month

Homeownership Rate

Owners
Renters
71.0%
71.0%
29.0%
29.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.9%
12.9%
87.1%
87.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.5%
0.5%
11.8%
11.8%
35.9%
35.9%
51.8%
51.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.7%
69.7%
5.1%
5.1%
7.3%
7.3%
14.3%
14.3%
3.6%
3.6%
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
4.0%
4.0%
8.9%
8.9%
30.5%
30.5%
35.5%
35.5%
12.0%
12.0%
9.1%
9.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Portage

Zip Codes in Portage, PA