Portland, ME04102

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$537,000
0.5% YoY Growth
Median Household Income
$79,600
37.3% 5-Year Growth
Days on Market
59
5.0% Shorter than last year
Home Price Forecast
2.2%
Median Rent
$2,240
22.3% YoY Growth
1-Bed Rent
$1,850
33.0% YoY Growth
2-Bed Rent
$2,200
8.3% YoY Growth
3-Bed Rent
$3,750
29.2% YoY Growth

Other Zip Codes in Portland, ME

Property Listings — Portland, ME

As of Oct '25, Realtor.com reports that the median days on market for a home in Portland, ME is 59. This is a decrease of -5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$658,000-10.0%
Listing Count
45-17.0%
Listings as % of Homes0.1%-17.0%
Days on Market
59-5.0%
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Demographics — Portland, ME

As of the latest ACS Survey released in 2023, Portland, ME has a population of 17,600, which has remained stable by 0.8% over the past 5 years. Portland, ME is a moderately popular place for families, as children make up 16.3% of the population. The area has a highly educated workforce, with 62.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
17,6000.8%
% Under 18
16.3%-0.6%
% Seniors
13.5%7.1%
% WFH
23.6%237.1%
% w/ College Degree
62.3%16.4%
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As of the latest ACS Survey released in 2023, Portland, ME is a predominantly white area, with 81.4% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Portland, ME is black, making up 5.8% of the population. Foreign-born residents account for 9.0% of the population in Portland, ME, and this percentage has decreased by 7.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
81.4%-4.5%
% Black
5.8%11.5%
% Hispanic
3.5%6.1%
% Asian
3.0%-26.8%
% Foreign Born
9.0%-7.2%
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Mortgage and Risk — Portland, ME

According to HUD data as of 2023, there were 248 mortgage originations in Portland, ME, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Portland, ME. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
248
% Conventional Loans
93.0%
% Government Loans
7.0%
% Investor Loans
4.0%
% Second Loans
2.0%
% Cash Out Refinance
8.0%

Loan Activity

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Rentals and Section 8 — Portland, ME

As of 2024, the percent of homes in Portland, ME under the Section 8 program is 18.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Portland, ME, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD
1,017
Total Units Section 8
798
% Rentals under Section 8
18.6%
% Occupied Section 8
88.7%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$200$1,850$1,650
2 Bedroom-$80$2,200$2,120
3 Bedroom-$1,150$3,750$2,600
4 Bedroom-$2,040$4,950$2,910

Affordability — Portland, ME

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio6
Median Home Price$537,000
Median Household Income$79,600

Portland, ME — ZIP Code Boundary Map

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Frequently Asked Questions