ZIP Code Market Report
47371 — Portland, IN
Data through February 2026 · Updated monthly
Avg Home Value
$165,133
▲ 1.4% year-over-year
Month-over-Month
-0.0%
▼ 0.0%
Single Family
$163,097
Condo / Co-op
--
The average home value in the 47371 ZIP code (Portland, INDIANA) is $165,133 as of February 2026. Home prices are rising, up 1.4% compared to last year.
A 3-bedroom home in 47371 is valued at $168,676. 1-bedroom units start around $81,017.
The market in 47371 has a $222,587 spread between bottom-tier homes at $97,633 and top-tier homes at $320,221. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Jay County market area in INDIANA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Jay County report.
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Market Snapshot
47371 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $165,992 | $165,166 | $165,133 | ▼ 0.5% |
| Single Family Value | $161,356 | $162,052 | $163,097 | ▲ 1.1% |
Home Values
47371 Home Value Trend
Historical home values for ZIP code 47371. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 47371
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $81,017 |
| 2 Bedrooms | $110,253 |
| 3 Bedrooms | $168,676 |
| 4 Bedrooms | $201,833 |
Property Types
Home Values by Property Type in 47371
How different property types compare in this ZIP code.
All Homes
$165,133
Single Family
$163,097
Bottom Tier
$97,633
Top Tier
$320,221
Data Sources and Methodology
Home value data for ZIP code 47371 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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