diff --git a/ports/portmidi/portfile.cmake b/ports/portmidi/portfile.cmake
index c6dd12b1cfd2dd..f6e8fe35214892 100644
--- a/ports/portmidi/portfile.cmake
+++ b/ports/portmidi/portfile.cmake
@@ -1,12 +1,22 @@
 vcpkg_from_github(
     OUT_SOURCE_PATH SOURCE_PATH
     REPO PortMidi/portmidi
-    REF v2.0.2
-    SHA512 36c43dc1f8b304c36de1c4672b8d2abe67c72dd8ea46044ebd479896a0e346f00207d4483e08701a04cdf3f342790c874f8a1c07d71d5d55d763bf97a1276021
+    REF v2.0.4
+    SHA512 d9f22d161e1dd9a4bde1971bb2b6e5352da51545f4fe5ecad11c55e7a535f0d88efce18d1c8fd91e93b70a7926150f86a0f53972ad92370e86556a8dd72dc194
     HEAD_REF master
 )
 
-vcpkg_cmake_configure(SOURCE_PATH "${SOURCE_PATH}")
+if(VCPKG_CRT_LINKAGE STREQUAL static)
+    SET(PM_USE_STATIC_RUNTIME ON)
+else()
+    SET(PM_USE_STATIC_RUNTIME OFF)
+endif()
+
+vcpkg_cmake_configure(
+    SOURCE_PATH "${SOURCE_PATH}"
+    OPTIONS
+    -DPM_USE_STATIC_RUNTIME="${PM_USE_STATIC_RUNTIME}"
+)
 vcpkg_cmake_install()
 
 vcpkg_fixup_pkgconfig()
diff --git a/ports/portmidi/vcpkg.json b/ports/portmidi/vcpkg.json
index 4b2da518b3efcc..653a75ab87eeab 100644
--- a/ports/portmidi/vcpkg.json
+++ b/ports/portmidi/vcpkg.json
@@ -1,7 +1,6 @@
 {
   "name": "portmidi",
-  "version": "2.0.2",
-  "port-version": 1,
+  "version": "2.0.4",
   "description": "PortMidi is a cross platform (Windows, macOS, Linux, and BSDs which support alsalib) library for interfacing with operating systems' MIDI I/O APIs.",
   "homepage": "https://github.com/PortMidi/portmidi",
   "license": "MIT",
diff --git a/versions/baseline.json b/versions/baseline.json
index 70be93412c7fc4..8b7e81e28953d2 100644
--- a/versions/baseline.json
+++ b/versions/baseline.json
@@ -5841,8 +5841,8 @@
       "port-version": 3
     },
     "portmidi": {
-      "baseline": "2.0.2",
-      "port-version": 1
+      "baseline": "2.0.4",
+      "port-version": 0
     },
     "portsmf": {
       "baseline": "0.238",
diff --git a/versions/p-/portmidi.json b/versions/p-/portmidi.json
index 2cbea12a13317b..012eabc37bf080 100644
--- a/versions/p-/portmidi.json
+++ b/versions/p-/portmidi.json
@@ -1,5 +1,10 @@
 {
   "versions": [
+    {
+      "git-tree": "80e9d16ce38c591b483a1d5b84eeb96a00a4d4ff",
+      "version": "2.0.4",
+      "port-version": 0
+    },
     {
       "git-tree": "9aba0f6770f874c56c8e8bebf2a6a9b3edbe899a",
       "version": "2.0.2",