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South Portland city, ME

ZIP 04107 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04107

Median Home Value
$659,600
Median Rent
$1,737
Affordability Snapshot
$182,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,237/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 04107 in South Portland city, ME, a household would need roughly $182,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,237. That is about 25% above the local median household income ($145,464), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
88.5%+35% vs US avg
x
Vacancy Rate
5.2%-49% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
10.3%-31% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$659,600
Home Value
$1,737
Rent
1966
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached90.5%
  • 1-unit attached5.1%
  • 2-9 units4.4%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$659,600
Median rent$1,737
Owner-occupied88.5%
Vacant5.2%
Price-to-income4.5x
Est. income to buy$182,000