House Prices

House Prices & Home Values South Portland, ME 2026


Average Data

average house price$347,988
average size per house1430 ft²
average price per ft²244 $ / ft²

05/20/2026 - The value range (VR) for house prices in South Portland, ME is $261/ sqft to $261/ sqft. An average home with 1430 sqft costs approximately $373,230 to $373,230. South Portland, ME includes 1 ZIP codes and it is located in Cumberland county. The lowest prices are found in ZIP 04106, while the highest are in ZIP 04106. The average price per sqare feet is $244. Our analysis is based on 152 property listings.

Avergage prices by ZIP codes South Portland

04106274 $ / ft²


House prices by neighborhoods in South Portland

Brick Hill270 $ / ft²
Cash Corner275 $ / ft²
Cushings Point264 $ / ft²
Ferry Village246 $ / ft²
Knightville265 $ / ft²
Ligonia248 $ / ft²
Loveitts Field240 $ / ft²
Meetinghouse Hill281 $ / ft²
Mill Creek271 $ / ft²
Pleasantdale243 $ / ft²
Redbank237 $ / ft²
South Portland Gardens252 $ / ft²
Spring Point286 $ / ft²
Stanwood Park266 $ / ft²
Sunset Park281 $ / ft²
Thornton Heights271 $ / ft²
West End275 $ / ft²
Willard283 $ / ft²




Historical development of home values in South Portland

Year Estimated value (USD) Change vs. 2025
2010 $161,612 -53.6%
2011 $155,362 -55.4%
2012 $154,944 -55.5%
2013 $160,735 -53.8%
2014 $168,728 -51.5%
2015 $177,388 -49.0%
2016 $186,645 -46.4%
2017 $196,719 -43.5%
2018 $207,595 -40.3%
2019 $217,220 -37.6%
2020 $228,450 -34.4%
2021 $259,837 -25.3%
2022 $302,912 -13.0%
2023 $319,434 -8.2%
2024 $337,914 -2.9%
2025 $347,988 0.0%

Graph: estimated home values in South Portland over time (USD)



Example: 100% financing house in South Portland

Loan amount: $347,988

Interest rate: 6.00%

Fixed monthly payment: $2,086.36

Breakdown in the 1st month:
Interest portion: $1,739.94  –  Principal portion: $346.42

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,763.03 $4,273.33 $343,714.67
2 $20,499.46 $4,536.90 $339,177.76
3 $20,219.64 $4,816.73 $334,361.03
4 $19,922.55 $5,113.81 $329,247.22
5 $19,607.14 $5,429.22 $323,818.00
6 $19,272.28 $5,764.09 $318,053.91
7 $18,916.76 $6,119.60 $311,934.31
8 $18,539.32 $6,497.05 $305,437.26
9 $18,138.60 $6,897.77 $298,539.49
10 $17,713.16 $7,323.21 $291,216.28
11 $17,261.48 $7,774.89 $283,441.39
12 $16,781.94 $8,254.43 $275,186.96
13 $16,272.82 $8,763.54 $266,423.42
14 $15,732.31 $9,304.06 $257,119.36
15 $15,158.45 $9,877.91 $247,241.45
16 $14,549.21 $10,487.16 $236,754.29
17 $13,902.38 $11,133.99 $225,620.31
18 $13,215.66 $11,820.70 $213,799.60
19 $12,486.59 $12,549.78 $201,249.82
20 $11,712.54 $13,323.82 $187,926.00
21 $10,890.76 $14,145.61 $173,780.39
22 $10,018.29 $15,018.08 $158,762.31
23 $9,092.01 $15,944.36 $142,817.96
24 $8,108.59 $16,927.77 $125,890.18
25 $7,064.53 $17,971.84 $107,918.34
26 $5,956.06 $19,080.30 $88,838.04
27 $4,779.23 $20,257.14 $68,580.90
28 $3,529.81 $21,506.55 $47,074.35
29 $2,203.34 $22,833.03 $24,241.32
30 $795.05 $24,241.32 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in South Portland, ME


1500 sqft3900 sqft
Ø selling price$442,861$942,085
Ø fast selling$402,601$847,876
Ø high price sale$483,121$1,036,293

In 2026, houses in South Portland, ME will be offered at an average price of $244 per square foot. A 1,500 sqft home priced at $442,861 is 24.08% more expensive per square foot than a 3,900 sqft home priced at $942,085. Home prices in South Portland, ME vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $652,212. Sellers who can wait longer may achieve a higher price of up to $797,149.


South Portland, ME City Guide

Overview

Located on the south side of Portland Harbor, South Portland, Maine (South Portland, ME) blends coastal charm with convenient city access.
Residents enjoy sweeping views of Casco Bay and the Portland skyline from neighborhoods that range from historic cottages to modern condos. Its strategic location near I-295 and the airport makes it a smart base for commuters, travelers, and growing businesses.

Things to Do & Outdoors

For outdoor lovers, Willard Beach offers sandy shoreline, gentle surf, and a postcard path to Spring Point Ledge Lighthouse.
Families flock to Bug Light Park for picnics, kite flying, and sunset photos framed by ferries crossing the bay. Cyclists and runners cruise the Greenbelt Walkway, a scenic route connecting parks, marinas, and neighborhoods.

Dining, Shopping, and Culture

The dining scene spans fresh-caught seafood shacks and inventive bistros, complemented by local breweries and coffee roasters.
For retail therapy, the Maine Mall area delivers big-name shopping while nearby boutiques showcase Maine-made goods.

Living & Practical Info

Housing options include quiet seaside streets and centrally located apartments, with a competitive real estate market that rewards quick, informed decisions.
Strong schools, short commutes to downtown Portland, and year-round community events create a high quality of life for residents and visitors alike.



FAQ – Home Values in South Portland

What is the median home value in South Portland in 2026?

In 2026, the typical home value in South Portland is about $347,988 for an average home size of 1430 square feet. This corresponds to an average price of roughly $244 per square foot.

What is the average cost per square foot in South Portland?

In 2026, homes in South Portland sell for an average of around $244 per square foot, with a typical range between $261 and $261 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in South Portland is about 1430 square feet, with an estimated 2026 value around $347,988.



Locations close to South Portland, ME

Cape Elizabeth, ME376 $ / ft²
Peaks Island, ME373 $ / ft²
Portland, ME365 $ / ft²
Falmouth, ME221 $ / ft²
Portland, ME458 $ / ft²
North Yarmouth, ME237 $ / ft²
  imprint  Privacy