The story of this market
The typical home in ZIP 04116 sells for about $558,750, or $336 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $2,352 a month.
ZIP 04116 — South Portland
ZIP 04116 is a P.O. Box-only designation with no residential housing inventory or population. Market metrics provided reflect the broader Portland-South Portland, ME metro area, which is currently experiencing a seller's market with rising home values and tightening inventory.
Median prices moved up 1.4% year over year.
Homes spend a median of 30 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.
Awaiting this reading — not graded.
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.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.