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Portland city, IN

ZIP 47371 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47371

Median Home Value
$116,100
Median Rent
$523
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$746/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47371 in Portland city, IN, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $746. That sits below the local median household income ($59,215), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.8%+16% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
7.2%-43% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
12.3%-75% vs US avg
x
Mortgage-Free
38.5%+1% vs US avg
x
$116,100
Home Value
$523
Rent
1959
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.1%
  • 1-unit attached0.8%
  • 2-9 units9.1%
  • 10+ units2.5%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$116,100
Median rent$523
Owner-occupied75.8%
Vacant10.1%
Price-to-income2.0x
Est. income to buy$32,000