The housing market in South Portland, ME is generally strong, with a median value of $434,500 which is significantly higher than the US median value of $338,100. In addition, the city has seen an impressive 1 year appreciation rate of 17.36%, compared to the national average of 8.27%. This suggests that real estate in South Portland is appreciating at a faster rate than in other areas of the country and may be a great investment opportunity for those looking for long-term returns.
The median home cost in South Portland is $434,500. Home appreciation the last 10 years has been 121.4%. Home Appreciation in South Portland is up 19.3%.
Average Age of Homes
- The median age of South Portland real estate is 58 years old
The Rental Market in South Portland
- Renters make up 38.3% of the South Portland population
- 2.3% of houses and apartments in South Portland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.