View in Interactive Map

Portland, ME—04101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$654,000
0.3% YoY Growth
Household Income
$60,700
44.3% YoY Growth
Days on Market
50
21.0% Shorter YoY
Home Price Forecast
0.1%
Median Rent
$2,140
0.8% YoY Growth
1-Bed Rent
$2,120
5.2% YoY Growth
2-Bed Rent
$2,580
1.3% YoY Growth
3-Bed Rent
$3,000
18.3% YoY Growth

Other Zip Codes in Portland, ME

041080410204103
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Portland, ME

As of May '26, the median home price in Portland, ME is $654,000, with a year-over-year change of -0.3%. This indicates that home prices in Portland, ME are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$654,000-0.3%
Single Family $695,000-2.7%
Condos $640,0000.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $470,000
    -0.6%
    2 Bed
    		$712,0000.7%
    3 Bed
    		$872,0000.0%
    4 Bed
    		$995,000-0.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    8.7%
    1 Bedroom
    40.5%
    2 Bedrooms
    34.5%
    3 Bedrooms
    13.7%
    4 Bedrooms
    1.9%
    5+ Bedrooms
    0.7%

    Rental Trends — Portland, ME

    As of July '25, Rentcast reports the average rent in Portland, ME is $2,460, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Portland, ME is studios: $2,070, 1-bedrooms: $2,220, 2-bedrooms: $3,080, 3-bedrooms: $3,550. The most common rental property sizes in Portland, ME are 1-bedroom and 2-bedroom, accounting for 46.8% and 31.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,140$2,460
    Studio Rent $1,950$2,070
    1 Bed Rent $2,120$2,220
    2 Bed Rent $2,580$3,080
    3 Bed Rent $3,000$3,550
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    10.1%
    1 Bedroom
    46.8%
    2 Bedrooms
    31.9%
    3 Bedrooms
    9.6%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    0.2%

    Property Listings — Portland, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Portland, ME is 50. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$874,000-3.0%
    Listing Count
    		6513.0%
    Listings as % of Homes0.4%13.0%
    Days on Market
    		50-21.0%
    Loading chart...

    Demographics — Portland, ME

    As of the latest ACS Survey released in 2023, Portland, ME has a population of 18,100, which has increased by 5.1% over the past 5 years. Portland, ME is a less popular place for families, as children make up 8.2% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		18,1005.1%
    % Under 18
    		8.2%-30.5%
    % Seniors
    		16.5%25.0%
    % WFH
    		22.0%161.9%
    % w/ College Degree
    		57.2%20.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Portland, ME is a predominantly white area, with 75.3% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Portland, ME is black, making up 12.9% of the population. Foreign-born residents account for 13.3% of the population in Portland, ME, and this percentage has decreased by 33.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		75.3%2.2%
    % Black
    		12.9%-12.2%
    % Hispanic
    		4.8%-20.0%
    % Asian
    		2.0%-33.3%
    % Foreign Born
    		13.3%-33.2%
    Loading chart...

    Mortgage and Risk — Portland, ME

    According to HUD data as of 2023, there were 183 mortgage originations in Portland, ME, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Portland, ME. Investor activity is low, as 8.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		183
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		8.0%
    % Second Loans
    		10.0%
    % Cash Out Refinance
    		5.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Portland, ME

    Portland, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1,805
    Total Units Section 8
    		1,378
    % Rentals under Section 8
    		17.9%
    % Occupied Section 8
    		90.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$530$2,120$1,590
    2 Bedroom-$540$2,580$2,040
    3 Bedroom-$500$3,000$2,500
    4 BedroomN/AN/A$2,800

    Affordability — Portland, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.9
    Median Home Price$654,000
    Median Household Income$60,700

    Portland, ME — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    South Portland, ME

    04106

    Portland, ME

    04103

    Portland, ME

    04102

    Great Diamond Island Landing

    04109

    Portland, ME

    04108

    Frequently Asked Questions