Home Values

Town of Portland 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

$221,300

  • -2.6% 1-year change
  • -0.2% 1-year forecast

The median home value in Town of Portland is $221,300. Town of Portland home values have declined -2.6% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in Town of Portland is None. The median rent price in Town of Portland is $1,050, which is lower than the Hartford Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Town of Portland 2.3 homes are foreclosed (per 10,000). This is greater than the Hartford Metro value of 1.8 and also lower 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 Town of Portland is 5.1%, 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 Town of Portland homeowners underwater on their mortgage is 14.4%, which is lower than Hartford Metro at 19.4%.

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Relative ZHVI
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Town of Portland Market Overview

Data through Apr 30, 2015
  • $221,300 ZHVI
  • -0.2% 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
  • No recent data Median sale price
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Town of Portland Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 14.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.3 homes(Feb 28, 2015) Town of Portland
1.8 homes Hartford Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Marlborough $275,300
Higganum $263,000
Glastonbury $258,100
Name Median ZHVI
Town of East Hampton $240,000
Wethersfield $234,000
Rocky Hill $233,500
Name Median ZHVI
Cromwell $198,100
Lake Pocotopaug $195,200
Middletown $194,500

Listings & Sales

  • No data
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Town of Portland Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,588 Town of Portland
    $1,666 Hartford 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

  • 4.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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