Total monthly cost of ownership
Cost to Own a Home in Portland, Indiana
A $91,000 home here costs
$859per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $468. The real number is $391 higher every month — 84% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Portland against Jay County and Indiana
| Measure | Portland | Jay County |
|---|---|---|
| Median home value | $90,600 | $110,100 |
| Median property tax | $539 | $665 |
| Effective tax rate | 0.595% | 0.604% |
| Median gross rent | $722 | $766 |
| Population | 6,341 | 20,281 |
The weather behind that power bill
Portland sits in Jay County, which averages a high of 83.7°F in its hottest month and a low of 17.0°F in its coldest, with 39.93" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 771 cooling and 6,091 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Jay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jay County
Common questions
How much does it cost to own a home in Portland?
A $91,000 home in Portland, Indiana costs approximately $859 per month with 20% down at 6.66%. That is $468 principal and interest, $45 property tax, $39 homeowners insurance, $231 utilities and $76 set aside for maintenance.
What is the property tax rate in Portland?
Portland has an effective property tax rate of 0.595%, based on a median home value of $90,600 and median real estate taxes of $539. That is in line with the Jay County average of 0.604%.
What is the average home price in Portland?
The median owner-occupied home value in Portland, Indiana is $90,600, against $110,100 across Jay County.
Is it cheaper to rent or buy in Portland?
Median gross rent in Portland is $722 a month, against $859 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Portland — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.