The story of this market
The typical home in ZIP 04070 sells for about $499,742, or $440 per square foot.
Prices are down 17.9% from a year ago, which gives buyers more room to negotiate. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,460 a month.
ZIP 04070 — Scarborough
The Scarborough housing market is currently experiencing a correction in pricing following a period of rapid growth, with a year-over-year decline in median sale prices. Despite this, inventory remains tight, which continues to support a competitive environment for buyers. The market is stabilizing as demand remains steady due to the area's desirability.
This area is ideal for families and professionals seeking a balance between coastal living and proximity to Portland's job market, offering a suburban lifestyle with high-quality schools.
Median prices moved down 17.9% year over year.
Homes spend a median of 18 days on market with 1.7 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
Awaiting this reading — not graded.
Scarborough schools are generally highly regarded within the region, consistently ranking among the top-performing districts in Maine.
The area faces coastal flood risks and standard New England winter weather hazards; property insurance premiums are influenced by proximity to the Atlantic coastline.
Scarborough serves as a major commercial and residential hub for the Portland metro area, with ongoing development in mixed-use projects and business parks near the I-95 corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Residents primarily commute via I-95 and US-1, providing direct access to the Portland employment core in approximately 15-20 minutes.
The area features extensive access to Scarborough Marsh, Higgins Beach, and numerous town parks, alongside significant retail and dining options along the US-1 corridor.
The rental market is characterized by high demand and low vacancy rates, driven by the area's proximity to Portland and coastal amenities.
The local economy is anchored by retail, healthcare, and professional services, with strong integration into the broader Portland-South Portland regional labor market.
The area is served by major highway corridors including I-95 and US-1, with limited public transit options primarily focused on connections to Portland.
Ongoing development focuses on expanding mixed-use residential and commercial space along the US-1 corridor to accommodate regional growth.
The Cumberland County assessment regime relies on municipal-level appraisals conducted by the Town of Scarborough.
Parcels are subject to municipal, county, and school district taxes, with specific utility districts managing water and sewer services.
Property insurance costs are impacted by coastal hazard exposure and regional climate trends.
The largest salt marsh in Maine, offering extensive trails and wildlife viewing.
A popular coastal destination for surfing and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.