Portland, ME—04101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portland, ME
As of Oct '25, the median home price in Portland, ME is $654,000, with a year-over-year change of -2.2%. This indicates that home prices in Portland, ME are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $654,000 | -2.2% |
| Single Family | $691,000 | -2.4% |
| Condos | $641,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $473,000 | -3.3% |
2 Bed | $716,000 | -1.8% |
3 Bed | $861,000 | -2.5% |
4 Bed | $950,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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/A | N/A |
% of Rental Stock
Property Listings — Portland, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, ME is 57. This is a decrease of -8.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | 7.0% |
Listing Count | 62 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 57 | -8.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | 5.1% |
% Under 18 | 8.2% | -30.5% |
% Seniors | 16.5% | 25.0% |
% WFH | 22.0% | 161.9% |
% w/ College Degree | 57.2% | 20.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$530 | $2,120 | $1,590 |
| 2 Bedroom | -$540 | $2,580 | $2,040 |
| 3 Bedroom | -$500 | $3,000 | $2,500 |
| 4 Bedroom | N/A | N/A | $2,800 |
Affordability — Portland, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $654,000 |
| Median Household Income | $60,700 |