Portage, IN housing market
Homes typically sell in 21 days, close to asking.
Home values, sales, trends and how Portage compares with the towns next door — updated as new data is published.
Portage at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Portage rose 47% over the past 5 years, slower than across Indiana (53%). Last year prices rose 4.4%. Carrying the Census median home value forward with that index puts the typical Portage home at roughly $363,000 today.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +4.4% | +120% | +126% |
| 2024 | +3.5% | +111% | +117% |
| 2023 | +5.9% | +103% | +106% |
| 2022 | +12% | +92% | +90% |
| 2021 | +14% | +71% | +65% |
| 2020 | +4.6% | +50% | +48% |
| 2019 | +5.4% | +43% | +42% |
| 2018 | +6% | +36% | +34% |
| 2017 | +2.6% | +28% | +26% |
| 2016 | +2.2% | +25% | +20% |
| 2015 | +2% | +22% | +16% |
| 2014 | +2.6% | +20% | +13% |
| 2013 | +1.9% | +17% | +10% |
| 2012 | +0.6% | +15% | +9% |
| 2011 | −3.2% | +14% | +9.6% |
| 2010 | −5.6% | +18% | +12% |
| 2009 | −1.7% | +25% | +14% |
| 2008 | −2.9% | +27% | +17% |
| 2007 | +2.9% | +31% | +18% |
| 2006 | +4.9% | +27% | +16% |
| 2005 | +6.1% | +21% | +14% |
| 2004 | +4% | +14% | +10% |
| 2003 | +1.4% | +9.7% | +7.8% |
| 2002 | +2.8% | +8.1% | +6.3% |
| 2001 | +5.2% | +5.2% | +4.3% |
| 2000 | — | — | — |
How Portage ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 46368, 46403, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
160 new homes permitted in 2025
Builders were permitted 160 new homes in Portage in 2025, all single-family houses, worth about $29.3 million to build. That's 4.2 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Portage has permitted 1,162 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Portage gained 1,098 residents while 501 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step. Across Indiana: 1.7 new residents per new home.
How Portage ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 143 | 143 | 0 | $23.2 million |
| 2025 | 160 | 160 | 0 | $29.3 million |
| 2024 | 117 | 117 | 0 | $17.2 million |
| 2023 | 106 | 106 | 0 | $15.6 million |
| 2022 | 117 | 117 | 0 | $17.2 million |
| 2021 | 143 | 143 | 0 | $21 million |
| 2020 | 127 | 127 | 0 | $18.8 million |
| 2019 | 121 | 121 | 0 | $17.4 million |
| 2018 | 103 | 103 | 0 | $17.9 million |
| 2017 | 85 | 85 | 0 | $12.9 million |
| 2016 | 83 | 83 | 0 | $14.1 million |
| 2015 | 22 | 22 | 0 | $3.1 million |
| 2014 | 38 | 30 | 8 | $4.5 million |
| 2013 | 20 | 20 | 0 | $2.6 million |
| 2012 | 11 | 11 | 0 | $1.4 million |
| 2011 | 6 | 6 | 0 | $967,000 |
| 2010 | 12 | 12 | 0 | $1.9 million |
| 2009 | 33 | 33 | 0 | $4.5 million |
| 2008 | 38 | 34 | 4 | $4.5 million |
| 2007 | 212 | 106 | 106 | $22 million |
| 2006 | 204 | 182 | 22 | $30.9 million |
| 2005 | 251 | 243 | 8 | $32.8 million |
| 2004 | 209 | 203 | 6 | $25.5 million |
| 2003 | 228 | 226 | 2 | $26.2 million |
| 2002 | 173 | 161 | 12 | $19.2 million |
| 2001 | 372 | 172 | 200 | $26 million |
| 2000 | 188 | 180 | 8 | $16.6 million |
How Portage ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Portage and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Portage | — | +4.4%† | $1,330 | 160 | $76,276 |
| Burns Harbor | $321K | +2.1% | $1,410 | 11 | $98,500 |
| Portage | $270K | +0.4% | $1,350 | — | $76,594 |
| Ogden Dunes | $483K | +1.2% | $1,330 | 1 | $117,000 |
| Westchester | — | +4.6%† | $1,410 | — | $83,129 |
| Chesterton | $349K | +2.9% | $1,410 | 58 | $91,060 |
| Gary | $92K | −1.3% | $1,180 | 9 | $38,731 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Portage home costs about 2.9 years of the town's median household income, less than across Indiana (3.6 years).
How Portage ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,330
HUD's Fair Market Rent for a two-bedroom in Portage is $1,330 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Portage pay a median of $1,231. A two-bedroom takes about 21% of the town's median household income.
Studio $970 · 4 bedrooms $1,750
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46368, 46403; Gary, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.