Portland, Ionia County, MI

Median Home Price Price

$270,655 $270.7K

Median Monthly Rent Rent

$1,296 $1.3K

17.0x

Market Snapshot

Portland, Ionia County, MI is a city market with a median home price of $270,655, a median monthly rent of $1,296, a GRM of 17.0x, and a price-to-rent ratio of 17.4.

More markets to explore

02 Saranac, Ionia County, MI
Nearby alternative Higher GRM Lower rent
High confidence
Price $270.7K
Rent $884
GRM 26.0x
Explore the data
Region Show
Saranac
$271K $884 26.0x
Clarksville
$278K $1.6K 15.0x
Belding
$244K $1.1K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Parma, Jackson County, MI
$236K $1.3K 16.0x
Walker, Kent County, MI
$329K $1.2K 22.0x
Grandville, Kent County, MI
$332K $1.5K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Avon, Stearns County, MN
$368K $1.3K 24.0x
Loogootee, Martin County, IN
$229K $990 19.0x
Holt, Clay County, MO
$369K $1.3K 24.0x

Home prices

Monthly rent

GRM = home price / annual rent

Portland

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Benchmark comparison

Rent in Portland, MI is 46.6% higher than Saranac, MI.

Compare to Saranac, MI
Portland, MI
Saranac, MI
Delta
Median rent
$1,296
$884
-$412
Median price
$270,655
$270,746
+$91
YoY change
+$101
+$68
-$33
Price-to-rent
17.4x
25.5x
+8.1x

Key takeaways

  • Portland, Ionia County, MI has a middle-grm screening profile: At 17.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $101 year over year.
  • Rent in Portland, MI is 46.6% higher than Saranac, MI.