Portland, ME housing market
Typical home value
$554K
▲ 0.3% 1 yr
Typical rent
$2,399/mo
▲ 1.7% 1 yr
Gross rent yield
5.2%
U.S. 6.3%
5-year home value change
+26%
U.S. +20%
Key takeaways
- 1The typical home in Portland is worth $554,454, up 0.3% over the past year and up 26% over five years.
- 2Typical rent is $2,399 a month (+1.7% YoY), a gross rent yield of 5.2% (above the Portland, ME metro's 5.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,047/mo, $648 more than typical rent.
- 4Zillow forecasts the Portland, ME metro's home values to change +2.5% over the next 12 months.
Market temperature (Portland, ME metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #204 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Portland compares
| Measure | Portland | Portland, ME metro | United States |
|---|---|---|---|
| Typical home value | $554,454 | $536,605 | $366,157 |
| Home value, 1-yr change | +0.3% | +2.1% | +1.2% |
| Typical rent | $2,399 | $2,296 | $1,932 |
| Rent, 1-yr change | +1.7% | +2.2% | +2.7% |
| Gross rent yield | 5.2% | 5.1% | 6.3% |
| Price-to-rent ratio | 19.3 | 19.5 | 15.8 |
| Mortgage P&I, typical home | $3,047 | $2,949 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Portland rental, pre-filled.
Rent vs buy in Portland
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $554K home.
Other cities in the Portland, ME metro
South Portland, ME
$519K home$2,413 rent
▲ 3.4% 1 yr
Biddeford, ME
$506K home$1,924 rent
▲ 0.5% 1 yr
Scarborough, ME
$689K home$2,714 rent
▼ 0.6% 1 yr
Kittery, ME
$684K home$2,411 rent
▲ 4.1% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.