The story of this market
The typical home in ZIP 04103 sells for about $650,000, or $345 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,620 a month.
ZIP 04103 — Portland
The 04103 housing market remains competitive due to limited inventory and steady demand from local professionals. While price growth has moderated compared to the pandemic peak, the area continues to see strong interest for well-maintained residential properties. Market conditions are currently stable with a balanced supply-to-demand ratio.
This ZIP is ideal for families and professionals seeking a balance between suburban residential character and proximity to Portland's urban amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 28 days on market with 2.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 9.2% — 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 9.1%/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 6.5%/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 04103, Cumberland County ME
Crime rates in Portland are generally higher than the national average, though the 04103 area is considered a stable residential neighborhood compared to the downtown core.
Schools serving the area are part of the Portland Public Schools district, which maintains a diverse student body and generally meets state performance benchmarks.
The area faces standard New England climate risks, including winter storm impacts and potential coastal flooding in low-lying areas near the Fore River.
Economic momentum is driven by the healthcare and education sectors, with proximity to major employers like MaineHealth and the University of Southern Maine.
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 benefit from direct access to I-295 and local arterial roads, providing a 10-15 minute commute to downtown Portland's employment hub.
The ZIP features significant green space including the Fore River Sanctuary and various community parks, with easy access to Portland's extensive dining and shopping districts.
The rental market is characterized by low vacancy rates and high demand, driven by the area's popularity with young professionals and proximity to the city center.
The local economy is anchored by healthcare, education, and a growing hospitality sector, with significant employment provided by MaineHealth and local government.
The area is served by METRO bus lines and provides easy access to the Portland International Jetport and I-95/I-295 corridors.
Ongoing urban infill projects focus on increasing housing density along major transit corridors.
Parcels are subject to Portland municipal taxes and the Portland Public Schools district levy.
Property insurance premiums are stable but reflect regional risks associated with coastal weather patterns.
Data retrieved from data.census.gov ZCTA 04103 profile.
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.
A large nature preserve with trails and the Jewell Falls waterfall.
Extensive network of walking and biking paths connecting the neighborhood to the city.
Major retail hub located just south of the ZIP boundary.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.