Portage Lakes, OH Profile: Facts & Data

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Portage Lakes, Ohio - Basic Facts

The Portage Lakes Census Designated Place had a population of 6,878 as of July 1, 2020.

The primary coordinate point for Portage Lakes is located at latitude 41.0073 and longitude -81.5271 in Summit County. The formal boundaries for the Portage Lakes Census Designated Place encompass a land area of 3.95 sq. miles and a water area of 0.99 sq. miles. Summit County is in the Eastern time zone (GMT -5). The elevation is 1,053 feet.

The Portage Lakes Census Designated Place (GNIS ID: 2393195) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Portage Lakes Census Designated Place is located within Township of Coventry, a minor civil division (MCD) of Summit County.


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Portage Lakes, OH Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 6,878 (100%)
Population in Households 6,860 (99.7%)
Population in Families 4,806 (69.9%)
Population in Group Quarters1 18 ( 0.3%)
Population Density 1,737
Diversity Index2 14
 
 

INCOME

Median Household Income $63,452
Average Household Income $72,731
% of Income for Mortgage4 10%
Per Capita Income $34,399
Wealth Index5 65
 

HOUSING

Total HU (Housing Units) 3,600 (100%)
Owner Occupied HU 1,966 (54.6%)
Renter Occupied HU 1,279 (35.5%)
Vacant Housing Units 355 ( 9.9%)
Median Home Value $145,417
Average Home Value $194,710
Housing Affordability Index3 208
 

HOUSEHOLDS

Total Households 3,245
Average Household Size 2.11
Family Households 1,727
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.13% -0.07%
Households 0.0% 0.01%
Families -0.44% -0.19%
Median Household Income   0.83%
Per Capita Income   1.18%
Owner Occupied HU   0.06%

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Portage Lakes, OH - Peer Comparisons by Rank and Percentile

The table below compares Portage Lakes to the other 1,215 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 235 81st
Population Density # 358 71st
Median Household Income # 390 68th
Housing Affordability Index # 428 35th
Per Capita Income # 260 79th
Diversity Index # 528 57th

Additional comparisons and rankings can be made with a VERY EASY TO USE Ohio Census Data Comparison Tool.

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