The story of this market
The typical home in ZIP 04102 sells for about $640,000, or $450 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,543 a month.
ZIP 04102 — Portland
The 04102 housing market remains resilient with steady price appreciation and low inventory, reflecting the broader Portland metro trend. While price growth has cooled from pandemic-era highs, demand remains robust for well-priced properties, keeping the market in a seller-favorable position.
This ZIP is ideal for professionals and families seeking proximity to Portland's urban core, as well as investors looking for stable, high-demand rental properties in a historic, walkable setting.
Median prices moved up 5.2% year over year.
Homes spend a median of 10 days on market with 3.2 months of supply — a fast-moving market.
34% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 8.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04102, Cumberland County ME
Portland generally experiences lower crime rates compared to other cities of similar size in the Northeast, with property crime being the primary concern. Trends remain stable, though localized incidents are reported in higher-density urban pockets.
Public schools in the Portland area are generally well-regarded, with a focus on diverse programming and strong community engagement within the Portland Public Schools district.
The area faces moderate risk from coastal flooding and winter storm events, with insurance premiums reflecting the proximity to the Atlantic coastline and aging infrastructure.
Economic momentum is driven by a mix of healthcare, education, and a growing tourism and hospitality sector, with ongoing infill development projects in the Portland peninsula.
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 in 04102 benefit from proximity to downtown Portland, with most commutes being short drives or accessible via local bus transit lines.
The area features extensive access to the Western Promenade, nearby harbor-front parks, and a variety of local dining and shopping districts within a 3-mile radius.
The rental market is highly competitive with low vacancy rates, driven by high demand from professionals and students; short-term rental regulations in Portland remain strict.
The economy is anchored by MaineHealth, the University of New England, and a robust tourism sector, supported by a diverse small-business landscape.
The area is served by the METRO bus system and provides easy access to I-295 for regional commuting.
Development is focused on high-density residential projects and adaptive reuse of historic structures within the city limits.
Parcels are subject to Portland Public Schools district taxes and municipal utility assessments.
Property insurance costs are rising due to coastal hazard exposure and regional climate trends.
Data retrieved from US Census Bureau ACS tables for ZCTA 04102.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic park offering scenic views and walking paths.
Major regional hub for maritime activity and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.