Living in Portage Lakes, Ohio
Cost of living, income, home prices, rent and demographics of Portage Lakes · Census data 2020–2024
Portage Lakes has 5,913 residents with a median age of 51.5. The median household income is $64,375 (10% lower than the Ohio median), the median home value is $167,000, the median rent is $1,162/month.
Portage Lakes at a glance
- Population
- 5,913
- Median age
- 51.5State: 39.7
- Median household income
- $64,375State: $71,389
- Median home value
- $167,000State: $214,800
- Median rent
- $1,162/moState: $1,034
- Homeowners
- 61.4%
- Bachelor's degree or higher
- 32.6%
- Average commute
- 21 min
Is Portage Lakes a good place to live?
Pros: Home values 22% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.9%.
Cons: Median household income 10% lower than the Ohio median; unemployment of 6.5%.
The weather is best in May–June and August–September.
Cost of living in Portage Lakes
Housing is the biggest part of the cost of living. In Portage Lakes the median home value is $167,000, 50% lower than the U.S. median. Renters pay a median of $1,162 per month, which is 25.4% of household income. Homeowners with a mortgage pay $1,307 a month in housing costs.
Portage Lakes median household income
The median household income in Portage Lakes is $64,375 and the income per person is $47,750. 11.9% of residents live below the poverty line (Ohio: 13.3%).
Housing in Portage Lakes: homes for sale and rent
- Housing units
- 3,323
- Owner-occupied
- 61.4%
- Renter-occupied
- 38.6%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 1.86
Portage Lakes demographics
- Population
- 5,913
- Median age
- 51.5
- Under 18
- 9.4%
- 65 and older
- 27.7%
- Households
- 3,159
- Foreign-born
- 3.3%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Portage Lakes ›
Education in Portage Lakes
32.6% of adults 25 and older in Portage Lakes have a bachelor's degree or higher (Ohio: 31.5%), and 14.6% have a graduate or professional degree.
Jobs and commute in Portage Lakes
- Unemployment rate
- 6.5%State: 4.8%
- Average commute
- 21 minState: 23 min
- Work from home
- 10%
- Drive alone
- 82.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.4%
Portage Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Portage Lakes | 5,913 | $64,375 | $167,000 | $1,162 |
| Barberton | 24,844 | $52,267 | $135,200 | $848 |
| New Franklin | 13,843 | $90,244 | $214,300 | $1,132 |
| Akron | 189,247 | $48,076 | $122,000 | $955 |
| Green | 27,393 | $95,047 | $280,200 | $1,228 |
| Sawyerwood | 1,241 | $51,731 | $134,000 | — |
| Norton | 11,524 | $90,464 | $200,800 | $1,059 |
| Lakemore | 2,914 | $59,758 | $158,400 | $1,060 |
| Mogadore | 3,806 | $82,557 | $181,900 | $992 |
More for people moving to Portage Lakes
Portage Lakes ZIP code ›Weather and climate ›Living in Portage Lakes: FAQ
What is the median household income in Portage Lakes, OH?
The median household income in Portage Lakes is $64,375, 10% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Portage Lakes?
The median home value in Portage Lakes is $167,000, compared with $214,800 in Ohio.
How much is rent in Portage Lakes?
The median gross rent in Portage Lakes is $1,162 per month, about 25.4% of household income.
Is Portage Lakes, OH a good place to live?
Pluses: home values 22% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.9%. Minuses: median household income 10% lower than the Ohio median; unemployment of 6.5%.
What is the median age in Portage Lakes?
The median age in Portage Lakes is 51.5 years (Ohio: 39.7).
How long is the commute in Portage Lakes?
The average commute to work in Portage Lakes is 21 minutes; 10% of workers work from home.
What is the unemployment rate in Portage Lakes?
The unemployment rate in Portage Lakes is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Portage Lakes?
32.6% of adults in Portage Lakes have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: