Home prices
The median home cost in Portage is $152,500. In comparison to its surrounding areas this is about $9,620 (5%) lower.It is about $65,000 (29%) lower compared to the US as a whole, and in comparison to the city of Chicago it is roughly $105,500 (40%) lower.
Rents
In Portage the median monthly rent is $902. Compared to its nearby areas it is approximately $212 (19%) lower.It is approximately $160 (15%) lower in comparison to the rest of the country, and in comparison to the city of Chicago it is about $210 (18%) lower.
Nearby places
Ogden Dunes
Ogden Dunes is Portage's neighbor to the north. Real estate prices there are substantially more expensive. The median home in Ogden Dunes is valued at $354,800, which works out to $202,300 (57%) higher than Portage. Rent there is substantially more expensive. The median monthly rent in Ogden Dunes is $1,568, which comes out to $666 (42%) higher than Portage.
Burns Harbor
Burns Harbor is Portage's neighbor to the northeast. The real estate prices there are somewhat more expensive. Burns Harbor's median home cost is $167,800, which comes out to $15,300 (9%) higher than Portage. Its rents are a little more expensive. The median monthly rent in Burns Harbor is $1,175, which comes out to $273 (23%) higher than Portage.
South Haven
South Haven is Portage's neighbor to the southeast. Its real estate prices are a bit less expensive. South Haven's median home value is $120,700, which comes out to $31,800 (26%) lower than Portage. The rent there is a bit more expensive. In South Haven the median rent is $954 per month, which comes out to $52 (5%) higher than Portage.
Lake Station
Lake Station is Portage's neighbor to the west. The housing prices there are significantly less expensive. The median home in Lake Station costs $84,400, which works out to $68,100 (80%) lower than Portage. Rents there are somewhat more expensive. Lake Station's median rent is $953 a month, which works out to $51 (5%) higher than Portage.
New Chicago
New Chicago is roughly 4 miles southwest of Portage. Real estate prices there are significantly less expensive. The median home in New Chicago costs $82,900, which works out to $69,600 (83%) lower than Portage. Its rents are pretty similar. In New Chicago the median rent is $920 per month, which comes out to $18 (1%) higher than Portage.
