The story of this market
The typical home in ZIP 04110 sells for about $1,150,000, or $485 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,839 a month.
ZIP 04110 — Cumberland
The housing market in 04110 remains highly competitive with low inventory and strong demand for premium coastal properties. Prices continue to appreciate steadily, driven by the area's high quality of life and proximity to Portland. Buyers are typically well-qualified, resulting in stable market conditions despite broader economic shifts.
This ZIP is ideal for affluent families and professionals seeking a quiet, high-amenity coastal lifestyle with easy access to Portland's urban core.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.2% — 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 7.0%/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 7.0%/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 04110, Cumberland County ME
Crime rates in this area are consistently lower than the regional average for the Portland-South Portland metro area, reflecting a quiet, residential character.
Schools serving this ZIP are highly regarded, consistently ranking among the top-performing districts in the state of Maine.
The area faces moderate coastal wind risks and standard flood-zone considerations for waterfront properties, with insurance premiums reflecting regional Maine coastal exposure.
Economic momentum is driven by proximity to Portland's professional services and healthcare hubs, with limited new residential development due to geographic constraints.
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.
Commutes to Portland's employment core are typically 15-25 minutes by car, with limited public transit options available for daily commuters.
The area offers exceptional access to coastal parks, walking trails, and local marinas, with high-end shopping and dining districts located within a short drive in nearby Portland.
The rental market is characterized by low vacancy rates and high demand, with a significant portion of inventory utilized for seasonal or long-term executive housing.
The local economy is anchored by the broader Portland-South Portland metro area, featuring strong sectors in healthcare, education, and professional services.
Transportation is primarily car-dependent, with major highway access via I-295 and local routes connecting to the Portland peninsula.
Development is strictly managed by local zoning to preserve the historic and coastal character of the community.
The Cumberland County assessment regime relies on periodic revaluations to align assessed values with market trends.
Parcels are served by local municipal utility districts and the regional school system.
Property insurance premiums are influenced by coastal hazard exposure, with standard market availability for residential coverage.
Maine has experienced steady net domestic migration, particularly from the Northeast corridor, driven by lifestyle shifts.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from Census Reporter and data.census.gov profiles for ZCTA 04110.
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.
Iconic historic lighthouse and park area.
Extensive coastal park with trails and recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.