Zip 04108 (Portland, ME) Housing

The housing market in 04108 Portland, ME is thriving. The median value of a home here is $577,300, which is much higher than the US median value of $338,100. Furthermore, the 1 year appreciation rate for homes in this area is 17.36%, significantly higher than the US average of 8.27%. This trend suggests that buying a home here would be a sound investment and could yield more return on investment than other parts of the country.

The median home cost in Portland (zip 04108) is $577,300. Home appreciation the last 10 years has been 121.4%. Home Appreciation in Portland (zip 04108) is up 19.3%.

Average Age of Homes

- The median age of Portland (zip 04108) real estate is 78 years old

The Rental Market in Portland (zip 04108)

- Renters make up 4.8% of the Portland (zip 04108) population
- 0.0% of houses and apartments in Portland (zip 04108), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Portland, Maine	United States
	1,025.0	139,647,020.0
	47	42
	$577,300	$338,100
	19.3%	16.6%
	74.4%	57.0%
	121.4%	101.1%
	$12.90	$10.98
	$6,548	$2,690
	37.0%	57.4%
	57.7%	11.2%
	5.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	54.2%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.6%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	3.4%	13.0%
	17.9%	20.1%
	36.4%	13.6%
	14.2%	8.3%
	9.5%	9.7%
	7.4%	3.9%
	5.3%	2.2%
	1.8%	0.8%
	2.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.1%	13.6%
	2.1%	13.6%
	2.2%	13.6%
	6.2%	13.2%
	2.6%	14.8%
	2.2%	13.6%
	0.5%	10.0%
	2.0%	4.7%
	81.5%	12.2%

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