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Portage Park

Learn about the people, housing, costs and businesses in Portage Park, Illinois

Median Home$388,664
Median Rent$1,333/month
Population63,031
Leading IndustriesWholesale Trade · Healthcare · Arts, Food & Hospitality6% wholesale trade
Home Value Growth+9.4% over 2 years
Young Adults29% of residents
Homeowners61% of occupied units
NotableHigh Incomes$91k/year · top 21% nationally
Portage Park
IL

Frequently Asked Questions

What are today's mortgage rates in Portage Park?

Mortgage rates for Portage Park are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Portage Park?

The median home value in Portage Park is $389k. The median monthly rent is $1,333. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Portage Park?

Home values in Portage Park have increased 9.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Portage Park?

Based on a typical all-in ownership cost of $1,555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Portage Park is $91k/year.

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What industries drive the economy in Portage Park?

The largest employment sectors in Portage Park are public administration (22%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas