In Portage Lakes, a typical home is worth $167,000 and typical rent is $1,162 a month. Compared with all of Summit County, the typical home value is 20% lower, typical rent is 13% higher, and the share of households that own their home is 6 points lower.
Portage Lakes is in Summit County. 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 Summit County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Barberton, the typical rent is $848: 27% less than in Portage Lakes ($1,162).
2
Nearby, in Akron, the typical home value is $122,000: 27% less than in Portage Lakes ($167,000).
3
The typical home in Portage Lakes is worth $167,000,20% less than in Summit County as a whole ($208,700).
4
61% of households in Portage Lakes own their home, against 68% in Summit County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Portage Lakes
What homes there are in Portage Lakes, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Portage Lakes
Summit County
Ohio
United States
Kind of home: Portage Lakes and its comparisons
Measure
Portage Lakes
Summit County
Ohio
United States
Detached house
69%
71%
69%
61%
Attached house
Unreliable estimate
6%
5%
6%
Building of 2 to 4
Unreliable estimate
7%
8%
8%
Apartments (5 or more)
Unreliable estimate
15%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Portage Lakes: 69% of homes, near the figure in Summit County (71%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Portage Lakes
Summit County
Ohio
United States
Year built: Portage Lakes and its comparisons
Measure
Portage Lakes
Summit County
Ohio
United States
Before 1960
48%
43%
38%
26%
1960–1979
16%
26%
26%
24%
1980–1999
14%
19%
20%
25%
2000–2009
16%
8%
10%
14%
2010 or later
Unreliable estimate
5%
7%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K48%
$200K–$300K15%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Portage Lakes and its comparisons
Measure
Portage Lakes
Under $100K
Unreliable estimate
$100K–$200K
48%
$200K–$300K
15%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99922%
$1,000–$1,49965%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Portage Lakes and its comparisons
Measure
Portage Lakes
Under $500
Unreliable estimate
$500–$999
22%
$1,000–$1,499
65%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,307 a month
Summit County: $1,470 a month
Without a mortgage
$522 a month
Summit County: $599 a month
Owners with a mortgage
54%
Summit County: 64%
In Portage Lakes, 54% of owners have a mortgage, and their typical cost is $1,307 a month, against $1,470 in Summit County. Without one it drops to $522.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Portage Lakes+24%
Summit County+42%
Ohio+47%
United States+53%
Typical rent
Portage Lakes+29%
Summit County+25%
Ohio+28%
United States+33%
Typical household income
Portage LakesNo clear change
Summit County+25%
Ohio+26%
United States+29%
Change since 2015–2019: Portage Lakes and its comparisons
Measure
Portage Lakes
Summit County
Ohio
United States
Typical home value
+24%
+42%
+47%
+53%
Typical rent
+29%
+25%
+28%
+33%
Typical household income
No clear change
+25%
+26%
+29%
Homes in Portage Lakes gained value more slowly than in Summit County: 24% since 2015–2019, against 42%.
Rents in Portage Lakes rose faster than in Summit County: 29% since 2015–2019, against 25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Portage Lakes and its comparisons
Measure
Portage Lakes
Summit County
Ohio
United States
Rental vacancy
Unreliable estimate
3.4%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.0%
1.5%
3.4%
People per household
1.86
2.29
2.37
2.53
Drive alone
82%
75%
75%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
10%
15%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Portage Lakes has 1.86 people, fewer than in Summit County (2.29).
In Portage Lakes, 82% of workers drive alone to work; in Summit County, 75%.
Do the math
What would you pay each month for a home in Portage Lakes?
A typical home is within reach of the typical income
We start with a typical home in Portage Lakes, worth $167,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Portage Lakes, which is $64,375 a year.
The calculator's FHA and conventional loan limits are those of all of Summit County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Portage Lakes. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,845 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,501
at 7.18% · 30 years
Loan amount
$163,975
Total interest
$235,922
Paid off in
November 2056
Includes $2,820 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,502 a month
Your payment · 28%
Tight
$1,502 to $1,931 a month
Hard
more than $1,931 a month
Compared with the typical household income in Portage Lakes ($64,375 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,111
Property tax
$246
Home insurance
$70
FHA mortgage insurance (MIP)
$74
You need at least $5,845 for the down payment, plus closing costs.
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.
Total monthly payment $1,501; principal and interest $1,111.
The city and its county
Portage Lakes and Summit County
Portage Lakes is in Summit County, Ohio. 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).
Portage Lakes
Map of Summit County, Ohio, with Portage Lakes marked. Around it, the neighboring counties.
Portage Lakes
Summit County
Other cities with a page
Portage Lakes's own numbers
Typical home value
$167,000
Typical monthly rent
$1,162
Typical yearly household income
$64,375
Households that own their home
61%
Effective property tax rate
1.77%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Summit County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,231
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.6%
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 Summit County.
A typical home in Portage Lakes is worth $167,000: 20% below the county and 22% below Ohio. With the typical household income in Portage Lakes ($64,375 a year), a typical home costs 2.6 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.
Portage Lakes2.6 years
Summit2.9 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Summit County
According to FHFA’s house price index, home prices in Summit County rose 87% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Summit County.
Yearly change in FHFA’s price index in Summit County, 2016 to 2025
2016: +3.0% +3.0% 2016
2017: +4.3% +4.3% 2017
2018: +5.5% +5.5% 2018
2019: +4.5% +4.5% 2019
2020: +4.3% +4.3% 2020
2021: +10.6% +10.6% 2021
2022: +13.5% +13.5% 2022
2023: +7.3% +7.3% 2023
2024: +8.1% +8.1% 2024
2025: +3.9% +3.9% 2025
Change in FHFA’s price index in Summit County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+3.9%
+4.8%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+87%
+93%
+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
Portage Lakes next to Summit County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Portage Lakes$167,000
Summit$208,700
Ohio$214,800
United States$332,700
Typical monthly rent
Portage Lakes$1,162
Summit$1,026
Ohio$1,034
United States$1,413
Typical yearly household income
Portage Lakes$64,375
Summit$71,622
Ohio$71,389
United States$80,734
See the full table
Portage Lakes next to Summit County and Ohio
Measure
Portage Lakes
Summit County
Ohio
U.S.
Typical home value
$167,000 ▼20% below the county
$208,700
$214,800
$332,700
Typical monthly rent
$1,162 ▲13% above the county
$1,026
$1,034
$1,413
Typical yearly household income
$64,375 ▼10% below the county
$71,622
$71,389
$80,734
Households that own their home
61% ▼6 points below the county
68%
67%
65%
Typical yearly property tax
$2,963 ▼7% below the county
$3,195
$2,822
$3,119
Effective property tax rate
1.77% ▲0.24 points above the county
1.53%
1.31%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Summit County. “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 Portage Lakes
For a typical $167,000 home in Portage Lakes, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Portage Lakes's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,501a month
Least cash to close
Down payment
$5,845
Cash to close
$10,855
Rate
7.18%
Mortgage insurance
FHA MIP · $74
Conventional, 5% down$1,470a month
Down payment
$8,350
Cash to close
$13,360
Rate
7.18%
Mortgage insurance
PMI · $79
Conventional, 20% down, no PMI$1,221a month
Down payment
$33,400
Cash to close
$38,410
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,375a month
Down payment
$25,050
Cash to close
$30,060
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Portage Lakes
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,501
$5,845
$163,975
7.18%
FHA MIP · $74
$10,855
580
Conventional, 5% down
$1,470
$8,350
$158,650
7.18%
PMI · $79
$13,360
620*
Conventional, 20% down, no PMI
$1,221
$33,400
$133,600
7.18%
None
$38,410
620*
ITIN, 15% down (example)
$1,375
$25,050
$141,950
8.18%
None
$30,060
Set by the lender
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.
Typical rent in Portage Lakes is $1,162 a month: 13% above the county.
HUD publishes a fair market rent for all of Summit County, by unit size. To pay the 2-bedroom one ($1,231 a month) without spending more than 30% of your income, you would need to earn $23.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Summit County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$886
$17.04
$35,440
1 bedroom
$952
$18.31
$38,080
2 bedrooms
$1,231
$23.67
$49,240
3 bedrooms
$1,474
$28.35
$58,960
4 bedrooms
$1,618
$31.12
$64,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Portage Lakes
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Portage Lakes is in ZIP code 44319.
For 2 bedrooms it is $1,300: $69 more than the fair market rent for Summit County ($1,231).
Fair market rent by ZIP code and size in Portage Lakes, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
44319
$940
$1,010
$1,300
$1,560
$1,710
ZIP code2 bd3 bd
44319 $1,300$1,560
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Portage Lakes when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
There are 5 HUD-approved agencies with an office in Summit County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Portage Lakes or Summit County. The ones below are statewide in Ohio: they work in Portage Lakes the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
The HUD-approved agencies closest to the center of Portage Lakes, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Portage Lakes or Summit County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Portage Lakes and all of Summit County. 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 Portage Lakes?
The typical home value in Portage Lakes is $167,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Summit County it is $208,700.
How much does it cost to rent in Portage Lakes?
Typical rent in Portage Lakes is $1,162 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Summit County is $1,231.
What is the FHA loan limit in Portage Lakes?
Portage Lakes uses the FHA limit for all of Summit County (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 Portage Lakes?
The typical homeowner in Portage Lakes pays $2,963 a year, according to the U.S. Census Bureau. That is 1.77% of the home’s value; in Summit County, the rate is 1.53%.
Where can I find free help to buy or rent in Portage Lakes?
There are 5 HUD-approved counseling agencies with an office in Summit County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
