Housing in South Portland, ME
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$520,000
Median List Price
$489,000
Price Per Sq Ft
$374
Days on Market
41
Active Inventory
35
Months of Supply
2.5
Seller's market
Zillow Home Value
$494,878
ZHVI — January 2026
Zillow Rent Index
$2,311
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
28.6%
Off Market in 2 Weeks
40.9%
Sale-to-List Ratio
99.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
14
New Listings
15
Pending Sales
22
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$374
Median List $/SF
$372
South Portland vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. South Portland is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$405,800
Median Rent
$1,648
Total Housing Units
12,738
Vacancy Rate
4.6%
Owner Occupied
60.3%
Renter Occupied
39.7%
Median Property Tax
$4,156
per year
Monthly Cost (w/ Mortgage)
$1,632
Housing Types
The current median sale price in South Portland, ME is $520,000 according to Redfin data. Homes spend a median of 41 days on the market. 28.6% of homes sold above asking price. The market has 2.5 months of supply. The median price per square foot is $374. Zillow's observed rent index is $2,311/month. About 60.3% of housing units are owner-occupied. The median year homes were built is 1964. There are 12,738 total housing units.