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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 38,300, 11,256 total housing units (homes and apartments), and a median house value of $319,731, Porter real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Porter, accounting for 67.78% of the town's housing units. Other types of housing that are prevalent in Porter include mobile homes or trailers ( 25.18%), large apartment complexes or high rise apartments ( 3.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Porter. Owner-occupied housing accounts for 86.37% of Porter's homes, and 81.14% have either three or four bedrooms, which is average sized relative to America.
Porter homes and real estate are some of the newest in America. 60.45% of Porter's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Porter real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.68%), and between 1940-1969 ( 3.65%).
In the last 10 years, Porter has experienced some of the highest home appreciation rates of any community in the nation. Porter real estate appreciated 131.45% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Porter in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Porter definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Porter that despite a nationwide downturn in the housing market, Porter real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Porter appreciation rates continue to be some of the highest in America, at 10.21%, which is higher than appreciation rates in 88.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Porter. Porter appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Porter's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Porter differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Porter - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Porter real estate investment or home purchase decisions.
$319,731
for Texas
for nation
11,256
$1,935 / per month