The story of this market
The typical home in ZIP 04109 sells for about $490,486, or $364 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $2,353 a month.
ZIP 04109 — Portland
The housing market for ZIP 04109 is characterized by its unique island geography within Cumberland County. Market data for this specific ZIP is limited, with broader regional metrics from the Portland-South Portland CBSA indicating a competitive environment with a median price of approximately $490,486 and a slight year-over-year decline in pricing.
Median prices moved down 3.2% year over year.
Homes spend a median of 34 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 16.0% — a stable, low-distress profile.
ZCTA 04109, Cumberland County, ME
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.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.