The typical owner-occupied home in Portland is worth about $266,900, 5% above the Pennsylvania median of $254,500 and 20% below the national median of $332,700. The median household earns $52,679 a year, so the median home costs 5.1 times the median income (3.3 times for Pennsylvania). 54% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Portland at a glance
| Portland | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $266,900 | $254,500 | $332,700 |
| Median property tax paid per year | – | $3,311 | $3,119 |
| Median household income | $52,679 | $77,971 | $80,734 |
| Homes lived in by their owners | 54% | 69% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,705 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 19.4% | 21.0% |
| Median rent | $1,217 | $1,209 | $1,413 |
| Rent as a share of renters' income | 32.5% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 18.7% | 9.2% | 10.1% |
| Population | 546 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Portland
At this week's average 30-year rate of 7.11%, buying the median Portland home of $266,900 with 20% down costs about $1,792 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,237, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $76,810 for the 20%-down payment. That payment is 41% of the median Portland household income of $52,679; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $1,217 a month, so owning the median home costs about $575 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,380 |
|---|---|
| Loan amount | $213,520 |
| Principal and interest | $1,436 |
| Property taxes (1.10% a year) | $245 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| PMI | $0 |
| Total per month | $1,792 |
Change the numbers in the calculator
| Down payment | $9,342 |
|---|---|
| Loan amount | $262,066 |
| Principal and interest | $1,763 |
| Property taxes (1.10% a year) | $245 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| FHA mortgage insurance | $118 |
| Total per month | $2,237 |
Change the numbers in the calculator
Questions about home buying in Portland
What is the median home value in Portland?
About $266,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Portland?
For the median home with 20% down at 7.11%, the payment is about $1,792 a month. Keeping that under 28% of gross income takes about $76,810 a year.
More about Portland
- Mortgage Refinance in Portland
- Debt Relief in Portland
- Home Equity Loans in Portland
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data