Property Prices in Portland, ME, United States

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Index Info
Price to Income Ratio: 4.71
Mortgage as Percentage of Income: 42.73%
Loan Affordability Index: 2.34
Price to Rent Ratio - City Centre: 10.86
Price to Rent Ratio - Outside of Centre: 12.25
Gross Rental Yield (City Centre): 9.21%
Gross Rental Yield (Outside of Centre): 8.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,816.67 $ 1,600.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,466.67 $ 1,400.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,516.67 $ 3,000.00-4,100.00
Apartment (3 bedrooms) Outside of Centre 2,625.00 $ 2,450.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 413.35 $ 370.03-500.00
Price per Square Feet to Buy Apartment Outside of Centre 363.34 $ 349.96-370.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,438.25 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.68 6.19-7.00

These data are based on 82 entries from 24 contributors over the past 18 months.
Last update: April 2025

Sources and References
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