Real Estate Investing in Portland, Maine (04102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04102 (Portland, ME)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Portland, ME (04102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04102 Portland
Investors eyeing 04102 need to respect the fundamentals at play. Home values of $551K come alongside slower price movement and elevated management overhead.
The investment case in 04102 is substantial only for operators who understand what they are buying. A $551K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 04102's metrics run below Cumberland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Turning to rents, 17,642 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 04102 is an operator game, not a passive one. On the rental side, entry prices of $551K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 04102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $363,889 | $1,780 | 3.5% | +7.8% | $363,889 |
| 2BR | $439,801 | $2,280 | 3.7% | +8.3% | $219,901 |
| 3BR | $547,624 | $2,770 | 3.6% | +8.9% | $182,541 |
| 4BR | $677,101 | $3,020 | 3.2% | +9.4% | $169,275 |
| 5BR | $1,206,658 | — | — | +10.2% | $241,332 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04102 Compare?
| Metric | 04102 | Portland | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $551,235 | $210,345 | N/A | $401,109 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 8.6% |
| Avg Rent | $2,415 | $2,283 | N/A | - |
| Cap Rate | 3.4% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04102 (Portland, ME). Anonymous, moderated, never written by AI.
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Property managers serving Cumberland County
Manage rentals here? List your business →Port Property offers apartments for rent and commercial property management services in Portland, South Portland, and Biddeford, Maine. summary from their website
Schneider Property Management, part of HomeRiver Group, offers property management, brokerage, rehab and construction, leasing, and maintenance services for single-family and multi-family properties. summary from their website
Aquarius Property Management offers property management services in Greater Portland, including Portland, South Portland, Falmouth, Cape Elizabeth, and Scarborough. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $551,235 |
| Monthly Rent | $2,415 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 04102
Population: 17,642
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 04102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
East End Community School
Gerald E Talbot Community School
Harrison Lyseth Elem School
Lincoln Middle School
Lyman Moore Middle School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Portland, ME?
Expect median prices around $551K in Portland, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How qualified is the tenant pool in Portland, ME?
Expect a solid tenant pool in Portland, ME. The rental market absorbs $2,415/mo rents without meaningful friction.
Is Portland, ME landlord-friendly?
ME law landlord-friendly for landlords, and Portland inherits those rules. Investors should still review local ordinances for rental licensing.
What investment strategy works best in Portland, ME?
In Portland, ME the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $551K prices and $2,415/mo rents suits that approach.
Are there empty rentals in Portland, ME?
Vacancy in Portland, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,415/mo.
You know 04102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 04102 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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