Property Prices in Portland, ME, United States

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Index Info
Price to Income Ratio: 4.74
Mortgage as Percentage of Income: 43.07%
Loan Affordability Index: 2.32
Price to Rent Ratio - City Centre: 10.46
Price to Rent Ratio - Outside of Centre: 12.56
Gross Rental Yield (City Centre): 9.56%
Gross Rental Yield (Outside of Centre): 7.96%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,000.00 $ 1,700.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,480.00 $ 1,400.00-1,700.00
Apartment (3 bedrooms) in City Centre 3,400.00 $ 3,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,520.00 $ 1,900.00-3,200.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 4,451.05 $ 3,983.00-5,381.96
Price per Square Meter to Buy Apartment Outside of Centre 3,955.82 $ 3,767.00-4,090.29
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 6.71 6.19-7.00

These data are based on 80 entries from 24 contributors over the past 18 months.
Last update: 18 May 2025

Sources and References
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