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Housing in Portland

A typical Portland home is worth roughly $328,000

Typical home value
$328K
IL $298K
Estimate
2-bedroom rent
$940
a month, utilities in · HUD
Median tax bill
$3,377
IL $5,298

What kind of housing town is Portland?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

100% of Portland households own their home

Half of Portland’s homes were built before 1993.

Owners and renters
Own 100%

Illinois: 67% own.

1993
typical home built · IL 1971
$3,377
median property tax bill · IL $5,298

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

What it takes to buy in Portland

Try your own numbers below.

You could afford about
$280,000
Typical Portland home $328K

That’s $48K short of a typical Portland home.

The typical home, each month
$2,270
Loan $1,620Tax $550Insurance $100

A two-bedroom rents for about $940 a month here, $1,330 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $940

Fair Market Rent a month, utilities included

Studio$670
1 bedroom$750
2 bedrooms$940
3 bedrooms$1,220
4 bedrooms$1,440
0%
of households rent · IL 33%

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Davenport-Moline-Rock Island, IA-IL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Portland vs. its neighbors

Portland is the priciest of 6 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Portland$328K*—$940$118,504
Erie$176K+5%$930$82,426
Fenton$239K+8.7%$990$58,950
Canoe Creek$107K*—$1,710$76,875
Prophetstown$171K+7.6%$930$68,618
Phenix$247K*+8.6%†$1,130$135,652

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Portland buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Portland still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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