Portland - ME housing market

The typical Portland home is worth $536,605 as of September 2026, up 0.1% from the prior month, up 0.6% over three months, and up 2.1% from a year ago. Over the past two years values have ranged from $525,740 to $536,605.

Homes are going pending in about 15 days, slower than the 8 days seen three months earlier. There are roughly 2,477 homes for sale, 9% more than a year ago. 27.2% of listings have taken a price cut (up from 18.3% three months ago).

Typical rent is $2,296 a month, up 2.4% year over year, which puts the price-to-rent ratio at 19.5.

At this week's 7.40% mortgage rate with 20% down ($107,321), the typical Portland home costs about $3,643 a month including tax and insurance, which needs a household income of roughly $156,100 to stay under a 28% payment-to-income ratio.

The typical home value ($536,605) 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 2.1% over the past year. In Portland - ME, that means a home worth $525,568 last year is now worth roughly $536,605.

The median sale price, what homes actually close for, is $528,941. Homes are selling at 100.0% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Portland - ME sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 858 new listings hit the market each month in Portland - ME. There are currently 2,477 homes for sale, up 9.2% from a year ago.

The typical monthly rent in Portland - ME is $2,296, up 2.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.5x, toss-up (#54 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,972 a month in principal and interest, $676 more than renting before taxes, insurance and upkeep. The two break even at a 4.97% 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 →