From January through December of 2017, there were 751 homes sold, with a median sale price of $308,000 - a 14.1% increase over the $270,000 median sale price for the previous year. There were 765 homes sold in Portage Park in 2016.
The median sales tax in Portage Park for 2017 was $4,559. In 2016, the median sales tax was $4,395. This marks an increase of 3.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.
The following table compares Portage Park to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Norwood Park | 368 | 303 | 21.5% | $325,000 | $325,000 | 0% |
| Pilsen | 135 | 130 | 3.8% | $324,500 | $300,000 | 8.2% |
| Edison Park | 182 | 179 | 1.7% | $316,000 | $310,000 | 1.9% |
| The Loop | 136 | 142 | -4.2% | $310,000 | $261,000 | 18.8% |
| North Park | 171 | 192 | -10.9% | $309,000 | $284,000 | 8.8% |
| Portage Park | 751 | 765 | -1.8% | $308,000 | $270,000 | 14.1% |
| North Mayfair | 79 | 91 | -13.2% | $304,000 | $260,000 | 16.9% |
| Jefferson Park | 393 | 370 | 6.2% | $290,000 | $281,500 | 3% |
| Kenwood | 113 | 117 | -3.4% | $290,000 | $225,000 | 28.9% |
| Albany Park | 620 | 593 | 4.6% | $286,000 | $266,000 | 7.5% |
| Big Oaks | 97 | 82 | 18.3% | $281,000 | $274,000 | 2.6% |
Alerts Sign-up