City:
Portage is a city in the state of indiana with a population of roughly 38,661. It is in Porter County, Indiana and the Chicago-Naperville, IL-IN-WI combined statistical area (CSA).Its Zip codes include 46368 .
Real estate in Portage, Indiana is a hot commodity. The city has seen an influx of people in recent years, and with that comes a need for more housing. This has led to an increase in the prices of homes and apartments.
The average price of a home in Portage is $183,000. The median price is $165,000. There are currently 102 homes for sale in the city and the average list price is $269,000. The number of listings has increased by 21% since last year and the average days on market has decreased by 10%.
The demand for housing in Portage is high because of its location. The city is only 25 minutes from downtown Indianapolis which makes it an ideal place to live and work. Additionally, there are plenty of amenities available in the area including shopping malls, restaurants, and schools.
There are several factors that contribute to the high demand for real estate in Portage. One reason is that the city has seen an influx of people who want to live close to downtown Indianapolis without having to pay high prices for rent or buy a home that's far away from their jobs. Another reason is that many people who live in Portage commute into Indianapolis every day which means they're willing to pay higher prices for homes near their work location. Finally, there's been an increase in development projects within the city which has led to more jobs being created and more people looking for housing near those jobs
Price Index: Gary, IN (MSAD)