Portland, ME—04108
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 $709,000, with a year-over-year change of 0.4%. This indicates that home prices in Portland, ME are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $709,000 | 0.4% |
| Single Family | $716,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $591,000 | -0.5% |
3 Bed | $748,000 | 0.3% |
4 Bed | $905,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Portland, ME
Portland, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 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 77. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $849,000 | 7.0% |
Listing Count | 10 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 77 | 37.0% |
Demographics — Portland, ME
As of the latest ACS Survey released in 2023, Portland, ME has a population of 788, which has decreased by -12.1% over the past 5 years. Portland, ME is a less popular place for families, as children make up 9.6% of the population. The area has a highly educated workforce, with 69.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 788 | -12.1% |
% Under 18 | 9.6% | -11.9% |
% Seniors | 34.3% | 11.4% |
% WFH | 34.4% | 124.8% |
% w/ College Degree | 69.7% | 7.6% |
As of the latest ACS Survey released in 2023, Portland, ME is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Portland, ME is hispanic, making up 4.2% of the population. Foreign-born residents account for 6.9% of the population in Portland, ME, and this percentage has increased by 213.6% 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 | 91.5% | -6.0% |
% Black | 0.0% | N/A |
% Hispanic | 4.2% | 133.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 6.9% | 213.6% |
Mortgage and Risk — Portland, ME
According to HUD data as of 2023, there were 46 mortgage originations in Portland, ME, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Portland, ME. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 48.0% |
% Cash Out Refinance | 9.0% |
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 | 11 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | N/A | N/A | $1,860 |
| 3 Bedroom | N/A | N/A | $2,280 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Portland, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $709,000 |
| Median Household Income | $84,100 |