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City · 5,944 residents · Lower Connecticut River Valley Planning Region, Connecticut

Portland , Connecticut

In Portland, a typical home is worth $282,300 and typical rent is $1,122 a month. Compared with all of Lower Connecticut River Valley Planning Region, the typical home value is 26% lower and typical rent is 23% lower.

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  • Typical home value

    $282,300

    26% below the planning region

    23% below Connecticut

    • Portland
    • Lower Connecticut River Valley
    • Connecticut

  • Typical rent

    $1,122a month

    23% below the planning region

    25% below Connecticut

    • Portland
    • Lower Connecticut River Valley
    • Connecticut

  • Typical household income

    $89,401a year

    14% below the planning region

    7% below Connecticut

    • Portland
    • Lower Connecticut River Valley
    • Connecticut

  • Households that own their home

    77%

    1 points above the planning region

    11 points above Connecticut

    • Portland
    • Lower Connecticut River Valley
    • Connecticut

Source: U.S. Census Bureau, Average 2020–2024

Portland is in Lower Connecticut River Valley Planning Region. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lower Connecticut River Valley Planning Region. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Portland apart

What this place has that others do not, from public data, most unusual first.

  1. Portland has the 3rd lowest typical rent of the 63 cities in Connecticut with more than 5,000 people ($1,122).

  2. The typical home in Portland is worth $282,300, 26% less than in Lower Connecticut River Valley Planning Region as a whole ($379,700).

  3. 11% of households in Portland have no internet at home (5% in Lower Connecticut River Valley Planning Region).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Portland

What homes there are in Portland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Portland: 73% of homes, near the figure in Lower Connecticut River Valley Planning Region (72%).

Year built

In Portland, half of the homes were built before 1955; in Lower Connecticut River Valley Planning Region, before 1972.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,286 a month

Lower Connecticut River Valley Planning Region: $2,411 a month

Without a mortgage

$943 a month

Lower Connecticut River Valley Planning Region: $1,020 a month

Owners with a mortgage

74%

Lower Connecticut River Valley Planning Region: 62%

In Portland, 74% of owners have a mortgage, and their typical cost is $2,286 a month, against $2,411 in Lower Connecticut River Valley Planning Region. Without one it drops to $943.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Portland with 2015–2019 because its boundaries changed.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePortlandLower Connecticut River Valley Planning RegionConnecticutUnited States
Rental vacancy Unreliable estimate3.6%4.3%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room Unreliable estimate1.1%2.1%3.4%
People per household 2.282.282.462.53
Drive alone 73%72%69%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimate1%3%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 19%17%16%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Portland look like those in Lower Connecticut River Valley Planning Region: 2.28 people on average.

To get to work, 73% of workers in Portland drive alone; in Lower Connecticut River Valley Planning Region, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Portland?

A typical home is tight for the typical income

We start with a typical home in Portland, worth $282,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Portland, which is $89,401 a year. For that payment to be 28% of income, a household would need to earn about $110,830 a year.

The calculator's FHA and conventional loan limits are those of all of Lower Connecticut River Valley Planning Region.

Your numbers

Local data
$

Starts at the typical home value in Portland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,881 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,586

at 7.18% · 30 years

Loan amount
$277,186
Total interest
$398,806
Paid off in
November 2056

Includes $4,767 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,086 a month

  • Tight

    $2,086 to $2,682 a month

    Your payment · 35%

  • Hard

    more than $2,682 a month

Compared with the typical household income in Portland ($89,401 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,586
Principal & interest$1,878
Property tax$466
Home insurance$118
FHA mortgage insurance (MIP)$125

You need at least $9,881 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Portland and Lower Connecticut River Valley Planning Region

Portland is in Lower Connecticut River Valley Planning Region, Connecticut. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Portland's own numbers

Typical home value
$282,300
Typical monthly rent
$1,122
Typical yearly household income
$89,401
Households that own their home
77%
Effective property tax rate
1.98%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lower Connecticut River Valley Planning Region

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,933
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
7.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lower Connecticut River Valley Planning Region.

Everything about Lower Connecticut River Valley Planning Region

Buying

Buying a home in Portland

A typical home in Portland is worth $282,300: 26% below the planning region and 23% below Connecticut. With the typical household income in Portland ($89,401 a year), a typical home costs 3.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Portland 3.2 years
  • Lower Connecticut River Valley 3.6 years
  • Connecticut 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lower Connecticut River Valley Planning Region

According to FHFA’s house price index, home prices in Lower Connecticut River Valley Planning Region rose 73% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lower Connecticut River Valley Planning Region.

Period Region Connecticut U.S.
Last year (2025) +5.6% +6.1% +2.9%
5 years (2020–2025) +60% +62% +47%
10 years (2015–2025) +73% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Portland next to Lower Connecticut River Valley Planning Region, Connecticut and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Portland $282,300
  • Lower Connecticut River Valley $379,700
  • Connecticut $366,900
  • United States $332,700
Typical monthly rent
  • Portland $1,122
  • Lower Connecticut River Valley $1,454
  • Connecticut $1,488
  • United States $1,413
Typical yearly household income
  • Portland $89,401
  • Lower Connecticut River Valley $104,428
  • Connecticut $95,781
  • United States $80,734
See the full table
Portland next to Lower Connecticut River Valley Planning Region and Connecticut
Measure Portland Lower Connecticut River Valley Planning Region Connecticut U.S.
Typical home value $282,300 $379,700 $366,900 $332,700
Typical monthly rent $1,122 $1,454 $1,488 $1,413
Typical yearly household income $89,401 $104,428 $95,781 $80,734
Households that own their home 77% 76% 66% 65%
Typical yearly property tax $5,597 $6,357 $6,643 $3,119
Effective property tax rate 1.98% 1.67% 1.81% 0.94%
Renters with high rent for their income 50% 50% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lower Connecticut River Valley Planning Region. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Portland

For a typical $282,300 home in Portland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Portland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,586a month

    Least cash to close
    Down payment
    $9,881
    Cash to close
    $18,350
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $125

  • Conventional, 5% down $2,534a month

    Down payment
    $14,115
    Cash to close
    $22,584
    Rate
    7.18%
    Mortgage insurance
    PMI · $134

  • Conventional, 20% down, no PMI $2,113a month

    Down payment
    $56,460
    Cash to close
    $64,929
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,374a month

    Down payment
    $42,345
    Cash to close
    $50,814
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Portland and for Lower Connecticut River Valley Planning Region.

Property tax

Effective rate in Portland

1.98%of the home’s value each year

$5,597 a year for the typical owner in Portland.

  • Portland 1.98%
  • Lower Connecticut River Valley 1.67%
  • Connecticut 1.81%

What Connecticut publishes Deadline to appeal the assessment: February 20 (Connecticut General Assembly (General Statutes of Connecticut, Chapter 203))

Exemptions and deadlines in Connecticut

Flood risk in Lower Connecticut River Valley Planning Region

FEMA does not publish these numbers by city: they are for all of Lower Connecticut River Valley Planning Region.

Homes in the high-risk zone
7.9%
4,727
Of those, with NFIP insurance
42%
Region Connecticut U.S.
Homes in the high-risk zone 7.9% 3.1% 3.5%
Of those, with NFIP insurance 42% 51% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Portland

Typical rent in Portland is $1,122 a month: 23% below the planning region. In Portland, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lower Connecticut River Valley Planning Region, by unit size. To pay the 2-bedroom one ($1,933 a month) without spending more than 30% of your income, you would need to earn $37.17 an hour working full time.

HUD fair market rent for all of Lower Connecticut River Valley Planning Region

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,346 $25.88 $53,840
1 bedroom $1,543 $29.67 $61,720
2 bedrooms $1,933 $37.17 $77,320
3 bedrooms $2,303 $44.29 $92,120
4 bedrooms $2,542 $48.88 $101,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Low-income apartments

Low-income apartments in Portland

HUD lists one building with rents for lower incomes in Portland.

  • Chatham Court 1 Chatham Ct, Portland 06480 49 homes, 48 low-income · Run by Portland Housing Authority · Average payment: $747 a month · Average wait: 22 months (860) 342-1688

See all 27 buildings in Lower Connecticut River Valley Planning Region Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Portland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lower Connecticut River Valley Planning Region. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Portland

No down payment, repair or rent-help program on our list is for Portland or Lower Connecticut River Valley Planning Region. The ones below are statewide in Connecticut: they work in Portland the same as in the rest of the state.

Which programs do I qualify for? All programs in Connecticut

Housing counselors near Portland

The HUD-approved agencies closest to the center of Portland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborhood Housing Services of New Britain, Inc.

    223 Broad St, New Britain · 11 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (860) 224-2433

  • Capital for Change, Inc. (housing Counseling Office)

    10 Alexander Dr, Wallingford · 12 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (203) 624-7406

  • NSC (naca Counseling Subsidiary) - Hartford CT

    241 Main St Fl 1, Hartford · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    203-562-6220-1385

All counseling agencies in Connecticut

Help in Spanish near Portland

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Portland

HUD’s record names them for Portland or Lower Connecticut River Valley Planning Region. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Portland Housing Authority Public housing and Section 8 vouchers (860) 342-1688

One other authority has an office in Lower Connecticut River Valley Planning Region: see the list Source: HUD

Cities

Other cities in Lower Connecticut River Valley Planning Region

These cities are also in Lower Connecticut River Valley Planning Region. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lower Connecticut River Valley Planning Region Housing in Connecticut

Nearby cities

The cities closest to Portland, with the typical home value.

Neighboring counties

If Lower Connecticut River Valley Planning Region is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Portland.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Portland

Short answers with the numbers for Portland and all of Lower Connecticut River Valley Planning Region. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Portland?

The typical home value in Portland is $282,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lower Connecticut River Valley Planning Region it is $379,700.

How much does it cost to rent in Portland?

Typical rent in Portland is $1,122 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lower Connecticut River Valley Planning Region is $1,933.

What is the FHA loan limit in Portland?

Portland uses the FHA limit for all of Lower Connecticut River Valley Planning Region (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Portland?

The typical homeowner in Portland pays $5,597 a year, according to the U.S. Census Bureau. That is 1.98% of the home’s value; in Lower Connecticut River Valley Planning Region, the rate is 1.67%.

Where can I find free help to buy or rent in Portland?

We found no HUD-approved counseling agencies with an office in Lower Connecticut River Valley Planning Region; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).