Market Overview
Home Prices in South Portland, ME
The median home value in South Portland, ME is $540,160 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Portland are priced32% above average. South Portland is part of the Portland-South Portland, ME metro area.
Over the past five years, South Portland home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
South Portland Home Price Trend
City Comparison
South Portland vs. National Median
At $540,160, homes in South Portland cost 32% above the national median of $410,000. Buyers in South Portland should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in South Portland?
20% Down Payment
$108,032
on $540,160
Monthly P&I
$2,817/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,578/mo
incl. taxes & insurance
Income Needed
$143,120
gross annual (30% rule)
10% Down Option
$54,016
+ PMI applies
Loan Amount (20% dn)
$432,128
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in South Portland, ME?
The median home value in South Portland is $540,160 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in South Portland?
Over the past year, home values in South Portland have increased by 2.5%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in South Portland?
To comfortably afford the median home price of $540,160 with a 20% down payment ($108,032) at today's rates (6.8%), you'd need a gross annual income of approximately $143,120. This assumes keeping total housing costs at or below 30% of gross income.
How does South Portland compare to the national average home price?
The national median home value is approximately $410,000. At $540,160, homes in South Portland are 32% above the national average.
What metro area is South Portland part of?
South Portland is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.