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Zip Code 04103

Portland, ME • Cumberland County

Real Estate Market Analysis

Q3 2025 Report
$538,835 (May 2025)
Median Home Value
~32,000
Population
$68,000
Median Income
Above average (B+ to A-)
School District Rating

Market Statistics

Property Values

$538,835 (May 2025)
Median Home Value
$2,400/mo (est.)
Median Rent
$340 (est.)
Price per Sq Ft

Market Performance

Home Appreciation0.8% YoY (May 2025)
Market VelocityMedian 14-16 days on market; homes sell quickly[3][5]
Foreclosure RateLow (below state average, est. <0.5%)

Area Information

Area SizeApprox. 19 sq mi
CountyCumberland
Primary CityPortland

Housing Profile

Housing Statistics

Total Housing Units~13,000
Owner Occupied56% (est.)
Rental Properties44% (est.)
Vacant Units3% (est.)
New ConstructionModerate, with infill and some multi-family projects

Housing Types

Single-family homesCondosMulti-family (2-4 units)Apartments

Demographics

~32,000
Population
38
Median Age
$68,000
Median Income
96% (unemployment ~4%)
Employment Rate
40% bachelor’s degree or higher
Education Levels
Mix of families, singles, and retirees; 30% with children
Family Composition

Education Quality

School District Performance

Above average (B+ to A-)
District Rating
School DistrictPortland Public Schools
Test ScoresAbove state average in math and reading
Graduation Rates92%

Schools in Area

  • Lyseth Elementary
  • Presumpscot Elementary
  • Lyman Moore Middle School
  • Portland High School

Economic Factors

Employment & Business

Job GrowthSteady, 1.5% YoY
Unemployment Rate4%
Business EnvironmentStrong healthcare, education, and tech sectors
Commercial ActivityActive retail, healthcare, and professional services

Major Employers

  • Maine Medical Center
  • Unum
  • Idexx Laboratories
  • Portland Public Schools

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • I-295
  • • METRO bus lines
  • • Proximity to Portland Transportation Center (Amtrak, Concord Coach)

Utilities & Services

  • • Electricity (Central Maine Power)
  • • Natural gas
  • • Municipal water/sewer

Quality of Life

Safety & Environment

Low to moderate; property crime slightly above state average, violent crime below average

Good air and water quality; urban-suburban mix

Healthcare Access

  • • Maine Medical Center
  • • Northern Light Mercy Hospital

Development Trends

Planned Developments

  • Mixed-use infill projects
  • Affordable housing initiatives

Infrastructure Projects

  • • Road resurfacing
  • • Sidewalk improvements

Investment Outlook

Growth Outlook

Stable, with moderate population and housing growth expected

Investment Opportunities

  • • Multi-family conversions
  • • Value-add single-family flips
  • • Long-term rentals

Marketing Intelligence

Target Demographics

  • Young professionals
  • Families with children
  • Healthcare workers
  • Retirees

Competitive Advantages

  • Desirable Portland address
  • Strong schools
  • Access to jobs and amenities

Pricing Strategies

Competitive pricing with staged presentation; highlight move-in ready and updated features

Common Objections & Response Strategies

Objection: High home prices compared to other Maine areas

Response Strategy:

Emphasize long-term appreciation, strong schools, and urban amenities

Objection: Limited inventory or bidding wars

Response Strategy:

Advise on pre-approval, flexible terms, and off-market opportunities

Objection: Older housing stock

Response Strategy:

Highlight renovated homes and potential for value-add improvements

Professional Recommendations

1

Advise buyers to be pre-approved and ready to act

2

Stage and price listings competitively for quick sales

3

Highlight school quality, parks, and urban amenities in marketing

4

Target healthcare and education professionals for relocation

5

Monitor new listings daily and leverage local networks for off-market deals

Competitive Analysis

Comparable Markets

  • 04102 (Portland)
  • 04105 (Falmouth)
  • 04106 (South Portland)

Market Positioning

Premium urban-suburban neighborhood in Portland

Competitive Advantages

  • Higher appreciation than suburbs
  • Better access to jobs and amenities

Price Comparison

04103 median home value ($538,835) is higher than state median ($425,000), but lower than Falmouth (>$700,000)[2][5]

Investment Metrics

4.5%-5% (multi-family, 2025 est.)
Cap Rates
5.2% gross yield (avg.)
Rental Yields
18-20
Price-to-Rent
Positive for well-managed multi-family; tight for single-family unless value-add
Cash Flow
2-3% annual over next 3 years
Appreciation

Buyer Journey Insights

First-Time Buyers

Need to move quickly; may need to compromise on size/condition

Move-Up Buyers

Can leverage equity; focus on school zones and amenities

Downsizers

Condos and smaller homes in demand; highlight low-maintenance options

Investors

Multi-family and value-add single-family attractive; focus on cash flow and appreciation

Relocators

Emphasize lifestyle, healthcare, and access to Portland’s amenities

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.