Portland, ME is a desirable city to live in, as evidenced by its high median housing value of $451,100. This amount is significantly higher than the US average median value of $338,100 and reflects the strong real estate market in Portland. The house appreciation rate over the past year has been 17.35%, which is significantly higher than the US average of 8.27%. This demonstrates how quickly and significantly home values have increased in Portland recently.
The median home cost in Portland is $451,100. Home appreciation the last 10 years has been 121.4%. Home Appreciation in Portland is up 19.3%.
Average Age of Homes
- The median age of Portland real estate is 74 years old
The Rental Market in Portland
- Renters make up 51.1% of the Portland population
- 2.2% of houses and apartments in Portland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.