Portland, Texas, was once owned by a group of investors in Portland, Maine. It was named in their honor, back in the days when it occupied only 640 acres on the highest bluff in the area. Today, it is known as the gateway to Corpus Christi on the Texas Gulf Coast, and is home to about 17,000 people who live in a town that now stretches for 10 square miles.
Check out 36 Portland, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
A Pretty Town! The median age of homes in Portland is about 24 years, and 63% of them are occupied by owners, with renters living in about 29% of the houses. The community is proud of its amenities, including its parks and recreation facilities, and its public birding, walking and biking trails. Sunset Lake Park offers residents a place to fish, swim, sail, kayak and canoe; there is also a 2-mile trail through the coastal marshland. A city skate park is open seven days a week, and the city's aquatic center features two year-round pools.
An Active Town! Because of its location, Portland offers a number of "beachy" things to do; and residents take advantage of the quick getaway time as often as possible. The Texas State Aquarium is located only 7 miles away, and the Lexington Museum on the Bay provides a great chance to learn a little about U.S. Naval history. Kids and groups can even make reservations to spend a night or two aboard the vintage aircraft carrier -- it's quite an adventure!
A Prosperous Town! With 5,392 apartments and homes, there is a vacancy rate of 8.5 percent in Portland, Texas. The median rental rate is $884, which is still lower than the national average. To find an apartment to rent, check out the neighborhood around Moore Avenue. For a rental house, look at the community around Memorial Parkway.
A Happy Town! If you're looking for a rent to own home in Portland, chances are you can find what you want. The real estate market is termed a soft buyer's market, with more homes available for sale than there are buyers. The median house or condo value in Portland in 2012 was $132.745, about $3.500 higher than the Texas overall median. Rental prices are competitive. When you want to eat out in Portland, head for McAlister Deli, Taqueria El Tapatio or Pep's Mexican Grill.
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