Property Prices in Portland, ME, United States

Index Info
Price to Income Ratio: 4.50
Mortgage as Percentage of Income: 41.03%
Loan Affordability Index: 2.44
Price to Rent Ratio - City Centre: 9.92
Price to Rent Ratio - Outside of Centre: 12.44
Gross Rental Yield (City Centre): 10.08%
Gross Rental Yield (Outside of Centre): 8.04%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,740.00 $ 1,600.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,460.00 $ 1,400.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,400.00 $ 3,000.00-4,100.00
Apartment (3 bedrooms) Outside of Centre 2,550.00 $ 2,450.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 363.34 $ 349.96-370.03
Price per Square Feet to Buy Apartment Outside of Centre 363.34 $ 349.96-370.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,344.92 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.74 6.19-6.80

These data are based on 62 entries in the past 18 months from 17 different contributors.
Last update: December 2024

Sources and References
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