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Featured local agent — Portland, TN
Sarah Mitchell
Compass Real Estate · Portland, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Portland, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$314,000median sale price
How is the Portland, TN housing market right now?
The median home sale price in Portland, TN is $314,000, down 4.4% year-over-year. Homes sell in an average of 57 days with 102 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Portland a buyer's or seller's market?
Portland, TN is currently a balanced market, based on 3.3 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
31
Last 12 weeks
Days on market
57
Average pace
Active listings
102
3.3 months supply
Sale-to-list
99.2%
Below asking
What does the Portland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $314,000 |
| Median list price | $370,000 |
| Year-over-year price change | -4.4% |
| Average days on market | 57 days |
| Active inventory | 102 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $236/sq ft |
| Homes sold (latest month) | 31 |
| New listings (latest month) | 34 |
| Listings with a price cut | 21.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Portland by property type?
How the Portland, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $314,000 | $236/sq ft | 31 | 57 days |
| Townhouse | $256,800 | $179/sq ft | 1 | 67 days |
Source: Redfin · Updated monthly
The Portland housing market is currently classified as a balanced market with a median sale price of $314,000. Prices have fallen 4.4% compared to last year, with homes spending an average of 57 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Portland
There are currently 102 homes listed for sale in Portland, Tennessee. The median listing price is $370K.
Active listings
102
Homes on market
Median list price
$370K
Avg. days on market
57
Days until sale
New this week
34
Newly listed
Who lives in Portland?
Population
13,325
Median income
$72,380/yr
Median age
33.7 years
Owner-occupied
63.5%
College grads
14.2%
Avg commute
28.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Portland?
Zillow home value
$336,678
Zillow rent index
$1,698/mo
Price-to-rent ratio
16.5x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Portland?
Portland is a community of approximately 13K residents with a median age of 33.7 years.The median household income is $72,380, which represents a working-class community with solid middle-income opportunities. 14.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 28.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Portland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Portland?
8 schools tracked · 3,805 students
The largest public schools serving Portland, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Portland High School
Grades 9-12 · 1,179 students
Portland Gateview Elementary School
Grades PK-5 · 570 students
Portland West Middle School
Grades 6-8 · 495 students
Watt Hardison Elementary
Grades K-5 · 425 students
Portland East Middle School
Grades 6-8 · 406 students
J W Wiseman Elementary
Grades PK-5 · 386 students
Clyde Riggs Elementary
Grades K-5 · 319 students
Sumner County Middle Technical College High School at Portla
Grades 11-12 · 25 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Portland, TN?
Want a head-to-head view? Compare Portland side-by-side with any other U.S. city using our market-comparison tool.
Is Portland a good real estate investment market?
For investors evaluating Portland, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Portland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Portland's median home price.
Frequently asked questions
What is the average home price in Portland?
The median home sale price in Portland is $314,000, down 4.4% from last year.
How long do homes stay on market in Portland?
Homes typically spend 57 days on market before going under contract.
What is the median income in Portland?
The median household income is $72,380 per year.
Is Portland a buyer's or seller's market?
With 3.3 months of supply, Portland is currently a balanced market.
What is the Zillow home value estimate for Portland?
The Zillow Home Value Index (ZHVI) for Portland is $336,678, representing the typical home value in the area.
How much does a single-family home cost in Portland?
The median single-family home price in Portland, TN is $314,000 (about $236 per square foot).
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