The story of this market
The typical home in South Portland, Maine sells for about $624,950, or $364 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,812 a month.
Monthly price momentum
Home values since 2015
+6.8%
ME · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
South Portland, Maine
The South Portland housing market remains competitive, characterized by low inventory and high demand, though price growth has moderated compared to previous years. The city's strong economic base and proximity to Portland continue to drive interest from both families and investors. While year-over-year prices have seen a slight decline, the market remains liquid with homes selling quickly.
No ARED county foreclosure postings attributed to South Portland yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 3.2% year over year.
Homes spend a median of 34 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.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.9% — a stable, low-distress profile.
- Funtown Splashtown USA4.512.2 mi
- Urban Air Trampoline and Adventure Park3.84.3 mi
- Spare Time Portland4.55.8 mi
- Palace Playland4.211 mi
- Round1 Bowling & Arcade - South Portland4.14.7 mi
- Luke's Lobster Portland Pier4.61 mi
- Thompson's Point4.52.6 mi
- Children's Museum & Theatre of Maine4.52.6 mi
- Cross Insurance Arena4.21.3 mi
- Hadlock Field4.72.1 mi
- Portland Head Light4.82.1 mi
- Allagash Brewing Company4.85.7 mi
- Fort Williams Park4.82 mi
- Portland Museum of Art4.61.4 mi
- Funtown Splashtown USA4.512.2 mi
- Portland Head Light4.82.1 mi
- Fort Williams Park4.82 mi
- Portland Museum of Art4.61.4 mi
- Children's Museum & Theatre of Maine4.52.6 mi
- Spring Point Ledge Lighthouse4.81.1 mi
- Arundel Wharf - Seafood - Cocktail Bar - Craft Beer4.322.8 mi
- Fore Points Marina4.51.4 mi
- Paul's Marina4.817.5 mi
- Spring Point Marina4.70.7 mi
- DiMillo's Marina4.41.1 mi
- Dunegrass Golf Club4.211.1 mi
- Riverside Golf Course4.36.1 mi
- Falmouth Country Club4.59.1 mi
- Toddy Brook Golf Course4.413.9 mi
- Val Halla Golf & Recreation4.710.9 mi
- The Maine Mall4.24.7 mi
- Hannaford4.32.1 mi
- Marshalls & HomeGoods4.35.2 mi
- T.J. Maxx4.44.4 mi
- ISF Trading4.71 mi
- Portland International Jetport4.43.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A popular local beach offering scenic views of Casco Bay and Portland Head Light, serving as a primary recreational anchor for residents.
A multi-use trail system spanning several miles, providing pedestrian and cycling access across the city and connecting major neighborhoods to the waterfront.
The largest shopping destination in the state, providing a significant concentration of retail, dining, and entertainment options that drive local economic activity.
South Portland is an ideal fit for families and professionals who desire proximity to Portland's urban amenities while maintaining a suburban coastal lifestyle. It attracts commuters seeking shorter transit times and investors looking for stable, high-demand rental properties. The city's diverse housing stock appeals to both first-time buyers and those looking to downsize near the water.
The city is served by the South Portland School Department, which is generally regarded as providing a solid, well-rounded public education. Schools are characterized by strong community involvement and a focus on college and career readiness. Performance metrics are competitive within the Cumberland County educational landscape.
The city is served by major highway corridors including I-295 and I-95, facilitating efficient regional travel. Public transit is provided by the METRO bus system, which offers frequent connections to downtown Portland and surrounding suburbs.
South Portland offers an extensive network of parks and greenbelts, including the popular Greenbelt Walkway that connects the waterfront to various neighborhoods. Residents enjoy access to Willard Beach, several public golf courses, and a robust selection of shopping and dining districts along the Broadway and Maine Mall corridors.
The rental market is characterized by high demand and low vacancy rates, driven by the city's proximity to Portland's employment core. Rent trajectories have shown consistent upward pressure due to limited housing supply and the influx of professionals. Short-term rental activity is strictly regulated by municipal ordinances to preserve long-term housing stock.
The economy is anchored by the Portland International Jetport, logistics, and a robust retail sector centered around the Maine Mall. It maintains a strong industry mix with significant employment in healthcare, education, and professional services, benefiting from its integration into the Greater Portland economy.
South Portland serves as a vital economic hub for the Greater Portland area, anchored by the Portland International Jetport and significant logistics and retail sectors. Development momentum is focused on mixed-use revitalization near the waterfront and the expansion of commercial infrastructure. The city benefits from its strategic position as a gateway to Maine's largest employment center.
Development is currently focused on high-density residential projects near the city's transit corridors and the continued redevelopment of underutilized commercial sites. Planning efforts prioritize sustainable growth and the expansion of pedestrian infrastructure.
Parcels are subject to municipal property taxes and standard school district levies. There are no significant MUD or PID districts, though specific areas may fall under local utility or water district jurisdictions.
South Portland generally experiences crime rates consistent with or slightly lower than regional averages for coastal Maine cities. Local law enforcement maintains a proactive community-policing model to address property-related incidents. Trends remain stable with no significant spikes in violent crime reported in recent annual cycles.
The city faces moderate coastal flood risks in low-lying areas near the harbor and Fore River, necessitating adherence to FEMA flood zone regulations. Wind exposure is a factor during seasonal nor'easters, though wildfire risk remains low due to the urbanized landscape. Property insurance markets are stable but reflect regional adjustments for coastal climate exposure.
Property insurance premiums are influenced by coastal hazard exposure, particularly for properties located within designated flood zones. The market remains stable, with insurers requiring updated elevation certificates for high-risk parcels.
Property taxes are assessed by the city based on a mill rate applied to the fair market value of real estate. The jurisdiction utilizes a standard homestead exemption for primary residents to mitigate tax burdens. Commercial properties are subject to the same municipal mill rate structure without specific federal income-linked exemptions.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.