Portland - ME housing market

The typical Portland home is worth $539,862 as of August 2026, up 0.3% from the prior month, up 0.6% over three months, and up 1.9% from a year ago. Over the past two years values have ranged from $528,952 to $539,862.

Homes are going pending in about 13 days, slower than the 8 days seen three months earlier. There are roughly 2,392 homes for sale, 5% more than a year ago. 25.3% of listings have taken a price cut (up from 15.9% three months ago).

Typical rent is $2,342 a month, up 2.6% year over year, which puts the price-to-rent ratio at 19.2.

At this week's 7.40% mortgage rate with 20% down ($107,972), the typical Portland home costs about $3,665 a month including tax and insurance, which needs a household income of roughly $157,100 to stay under a 28% payment-to-income ratio.

The typical home value ($539,862) is the Zillow Home Value Index for the Portland - ME metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.9% over the past year. In Portland - ME, that means a home worth $529,796 last year is now worth roughly $539,862.

The median sale price, what homes actually close for, is $522,906. Homes are selling at 100.1% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Portland - ME sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 898 new listings hit the market each month in Portland - ME. There are currently 2,392 homes for sale, up 5.1% from a year ago.

The typical monthly rent in Portland - ME is $2,342, up 2.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.2x, toss-up (#56 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,990 a month in principal and interest, $648 more than renting before taxes, insurance and upkeep. The two break even at a 5.09% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →