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Portage, Indiana is a medium sized city of 40,000 people located only 40 miles from downtown Chicago. Portage is a community rich in opportunity with affordable housing options. The high quality of life and low cost of living make Portage a great place to live.
Portage has everything you would expect from a medium sized city. Porter Community Hospital system maintains a hospital in the city. The city is also close to the major industrial and manufacturing complexes found in Northwest Indiana. Portage residents can easily get to Chicago for work or for fun by taking the South Shore Commuter Railline. That’s general information. Let’s look at what makes Portage really special.
Portage has made repeated investments in its city to continue responsible growth. In the downtown area Portage has completed several recent projects. These include the Founder’s Square planned use development featuring commercial property, residential property, and public use space including a park, open-air stage, and splash pad. The city has also invested in other parks, miles of trails, and a lakefront walking path.
Portage Township Schools serve the students of the community. Portage is a large school district. This means students have a robust platform of academic, extracurricular, and athletic opportunities.
Portage has a strong real estate market. This is due to Portage being a desirable place to live with lots of economic opportunity.
The city has housing of all types and price points. Portage real estate includes townhouses, condos, duplexes, and single family homes. Portage houses for sale make up the majority of the property for sale in Portage, IN. Single family dwellings made up over 97% of real estate sold in Portage during the last 12 months.
Houses in Portage sell very quickly. Over the last 12 months the average days on market for homes for sale in Portage was 47 days on market. This is 13 days less than the average days on market for property for sale in Northwest Indiana. This is the single best factor to see the strength and health of an area’s housing market. Homes are selling more quickly in Portage compared to surrounding areas. This will affect home prices, too.
The median home price for Portage real estate increased 5.9% compared to the previous 12 month period. This is aligned with the greater Northwest Indiana area. However, the median sale price for Portage homes is about 4.5% lower than the Northwest Indiana region as a whole. This coupled with the fact homes are selling much faster in Portage than other areas of the region indicate Portage home prices are likely to increase.
If you are looking for property in Portage, IN start your search at Quadwalls.com. We have all of the Portage houses for sale and update our Portage real estate listings several times a day.
