Portland, ME—04103
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 $519,000, with a year-over-year change of -0.7%. This indicates that home prices in Portland, ME are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | -0.7% |
| Single Family | $540,000 | -0.9% |
| Condos | $438,000 | 0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $418,000 | -2.1% |
3 Bed | $533,000 | -0.7% |
4 Bed | $652,000 | 0.2% |
| 5 Bed | $843,000 | 1.3% |
% of Housing Stock
Rental Trends — Portland, ME
As of July '25, Rentcast reports the average rent in Portland, ME is $2,370, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Portland, ME is studios: $1,580, 1-bedrooms: $1,640, 2-bedrooms: $2,260, 3-bedrooms: $3,570. The most common rental property sizes in Portland, ME are 2-bedroom and 1-bedroom, accounting for 40.3% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,370 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,700 | $1,640 |
| 2 Bed Rent | $2,000 | $2,260 |
| 3 Bed Rent | $3,600 | $3,570 |
| 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 33. This is a decrease of -45.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $596,000 | 3.0% |
Listing Count | 67 | 13.0% |
| Listings as % of Homes | 0.1% | 13.0% |
Days on Market | 33 | -45.0% |
Demographics — Portland, ME
As of the latest ACS Survey released in 2023, Portland, ME has a population of 31,700, which has increased by 2.4% over the past 5 years. Portland, ME is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 58.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,700 | 2.4% |
% Under 18 | 19.3% | 2.1% |
% Seniors | 18.3% | 28.9% |
% WFH | 19.7% | 258.2% |
% w/ College Degree | 58.3% | 14.1% |
As of the latest ACS Survey released in 2023, Portland, ME is a predominantly white area, with 80.4% 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 8.9% of the population. Foreign-born residents account for 11.2% of the population in Portland, ME, and this percentage has increased by 21.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -4.5% |
% Black | 8.9% | 30.9% |
% Hispanic | 1.8% | -18.2% |
% Asian | 4.1% | 17.1% |
% Foreign Born | 11.2% | 21.7% |
Mortgage and Risk — Portland, ME
According to HUD data as of 2023, there were 518 mortgage originations in Portland, ME, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Portland, ME. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 518 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 | 1,225 |
Total Units Section 8 | 1,082 |
% Rentals under Section 8 | 20.5% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,700 | $1,550 |
| 2 Bedroom | $0 | $2,000 | $2,000 |
| 3 Bedroom | -$1,150 | $3,600 | $2,450 |
| 4 Bedroom | N/A | N/A | $2,750 |
Affordability — Portland, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $519,000 |
| Median Household Income | $90,700 |