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Portland city, ME

ZIP 04108 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04108

Median Home Value
$488,400
Median Rent
$1,234
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,137/mo PITI).

18%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.0 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 04108 in Portland city, ME, a household would need roughly $134,000 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 $3,137. That is about 59% above the local median household income ($84,120), 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

Vacancy rate 60% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.7%+32% vs US avg
x
Vacancy Rate
59.7%+479% vs US avg
x
Broadband Access
93.4%+7% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
31.6%-36% vs US avg
x
Mortgage-Free
48.1%+26% vs US avg
x
$488,400
Home Value
$1,234
Rent
1938
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached94.9%
  • 1-unit attached0.0%
  • 2-9 units4.4%
  • 10+ units0.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$488,400
Median rent$1,234
Owner-occupied86.7%
Vacant59.7%
Price-to-income5.8x
Est. income to buy$134,000