Portland, ME home prices
Typical home $536,605 · +2.1% in a year · income needed $155,300
The Portland, ME metro area ranks 62 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.1% in a year and +27.0% over five years. With 20% down at 7.11%, the typical home costs about $3,623 a month including 1.04% property tax (Cumberland County rate).
Mortgage on the typical Portland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $107,321 | $429,284 | $2,888 | $0 | $735 | $3,623 | $155,300 |
| 10% down | $53,661 | $482,945 | $3,249 | $201 | $735 | $4,185 | $179,300 |
| 5% down | $26,830 | $509,775 | $3,429 | $212 | $735 | $4,376 | $187,600 |
| 3.5% down (FHA) | $18,781 | $526,886 | $3,544 | $237 | $735 | $4,517 | $193,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Portland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cumberland County, ME | $558,564 | +2.3% | 1.04% |
| York County, ME | $525,406 | +1.9% | 0.96% |
| Sagadahoc County, ME | $432,225 | +1.7% | 1.04% |
What can you afford in Maine on your salary? · Maine home prices · Salaries in Maine
Frequently asked questions
How much is a house in Portland?
The typical home in the Portland, ME metro area is worth $536,605 (Zillow, September 2026).
What salary do you need to buy a house in Portland?
About $155,300 a year for the typical home with 20% down at 7.11%.