Property Prices in Portland, ME, United States

Index Info
Price to Income Ratio: 4.43
Mortgage as Percentage of Income: 33.20%
Loan Affordability Index: 3.01
Price to Rent Ratio - City Centre: 12.52
Price to Rent Ratio - Outside of Centre: 10.56
Gross Rental Yield (City Centre): 7.98%
Gross Rental Yield (Outside of Centre): 9.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,383.33 $ 1,200.00-1,500.00
Apartment (1 bedroom) Outside of Centre 1,036.50 $ 900.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,311.86 $ 1,800.00-2,963.00
Apartment (3 bedrooms) Outside of Centre 1,712.50 $ 1,300.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 339.86 $ 324.00-364.12
Price per Square Feet to Buy Apartment Outside of Centre 213.64 $ 205.00-223.37
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,362.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.35 3.00-5.00

These data are based on 102 entries in the past 18 months from 26 different contributors.
Last update: December 2020

Sources and References
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