Home Values

Portage Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$128,400

  • -2.6% 1-year change
  • -0.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Portage is $128,400. Portage home values have declined -2.6% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Portage is None. The median rent price in Portage is $1,050, which is lower than the Chicago Metro median of $1,572.

Foreclosures will be a factor impacting home values in the next several years. In Portage 5.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Portage is 4.6%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Portage homeowners underwater on their mortgage is 17.7%, which is lower than Chicago Metro at 25.1%.

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Relative ZHVI
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Portage Market Overview

Data through Apr 30, 2015
  • $128,400 ZHVI
  • -0.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $156,430 Median sale price
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Portage Market Health

Data through Apr 30, 2015
  • 3.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 17.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

5.1 homes Portage
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Ogden Dunes $272,900
Valparaiso $185,300
Porter $172,800
Name Median ZHVI
Chesterton $167,900
Burns Harbor $157,800
Hobart $118,700
Name Median ZHVI
New Chicago $87,200
Lake Station $75,000
Gary $65,200

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $91 Median sale price / sq ft
  • No data Listings with price cut
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Portage Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,235 Portage
    $1,610 Chicago Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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