South Portland, ME housing market
Typical home value
$519K
▲ 3.4% 1 yr
Typical rent
$2,413/mo
▲ 2.4% 1 yr
Gross rent yield
5.6%
U.S. 6.3%
5-year home value change
+27%
U.S. +20%
Key takeaways
- 1The typical home in South Portland is worth $518,922, up 3.4% over the past year and up 27% over five years.
- 2Typical rent is $2,413 a month (+2.4% YoY), a gross rent yield of 5.6% (above the Portland, ME metro's 5.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,852/mo, $439 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 South Portland compares
| Measure | South Portland | Portland, ME metro | United States |
|---|---|---|---|
| Typical home value | $518,922 | $536,605 | $366,157 |
| Home value, 1-yr change | +3.4% | +2.1% | +1.2% |
| Typical rent | $2,413 | $2,296 | $1,932 |
| Rent, 1-yr change | +2.4% | +2.2% | +2.7% |
| Gross rent yield | 5.6% | 5.1% | 6.3% |
| Price-to-rent ratio | 17.9 | 19.5 | 15.8 |
| Mortgage P&I, typical home | $2,852 | $2,949 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical South Portland rental, pre-filled.
Rent vs buy in South Portland
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $519K home.
Other cities in the Portland, ME metro
Portland, ME
$554K home$2,399 rent
▲ 0.3% 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.