House Prices

Mill Creek South Portland, ME House Prices & Home Values 2026


Average Data

average house price$361,212
average size per house1485 ft²
average price per ft²253 $ / ft²

05/20/2026 - The value range (VR) for house prices in Mill Creek South Portland, ME is $240.35/ sqft to $265.65/ sqft. An average home with 1485 sqft costs approximately $370,483 to $409,481. 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 $253. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Mill Creek South Portland

04106271 $ / ft²




Historical development of home values in Mill Creek South Portland

Year Estimated value (USD) Change vs. 2025
2010 $167,753 -53.6%
2011 $161,266 -55.4%
2012 $160,832 -55.5%
2013 $166,844 -53.8%
2014 $175,140 -51.5%
2015 $184,129 -49.0%
2016 $193,738 -46.4%
2017 $204,195 -43.5%
2018 $215,484 -40.3%
2019 $225,475 -37.6%
2020 $237,131 -34.4%
2021 $269,711 -25.3%
2022 $314,423 -13.0%
2023 $331,573 -8.2%
2024 $350,755 -2.9%
2025 $361,212 0.0%

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



Example: 100% financing house in Mill Creek South Portland

Loan amount: $361,212

Interest rate: 6.23%

Fixed monthly payment: $2,218.88

Breakdown in the 1st month:
Interest portion: $1,874.69  –  Principal portion: $344.19

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,376.32 $4,250.22 $356,961.78
2 $22,103.93 $4,522.61 $352,439.16
3 $21,814.08 $4,812.46 $347,626.70
4 $21,505.65 $5,120.89 $342,505.81
5 $21,177.46 $5,449.08 $337,056.73
6 $20,828.24 $5,798.31 $331,258.42
7 $20,456.63 $6,169.91 $325,088.51
8 $20,061.21 $6,565.34 $318,523.17
9 $19,640.44 $6,986.10 $311,537.07
10 $19,192.71 $7,433.83 $304,103.24
11 $18,716.28 $7,910.26 $296,192.98
12 $18,209.32 $8,417.22 $287,775.76
13 $17,669.87 $8,956.67 $278,819.09
14 $17,095.85 $9,530.69 $269,288.40
15 $16,485.04 $10,141.50 $259,146.89
16 $15,835.08 $10,791.46 $248,355.43
17 $15,143.47 $11,483.08 $236,872.35
18 $14,407.53 $12,219.01 $224,653.34
19 $13,624.43 $13,002.12 $211,651.22
20 $12,791.14 $13,835.41 $197,815.81
21 $11,904.44 $14,722.10 $183,093.71
22 $10,960.92 $15,665.63 $167,428.08
23 $9,956.92 $16,669.62 $150,758.46
24 $8,888.59 $17,737.96 $133,020.51
25 $7,751.78 $18,874.76 $114,145.74
26 $6,542.12 $20,084.43 $94,061.31
27 $5,254.93 $21,371.62 $72,689.70
28 $3,885.24 $22,741.30 $49,948.40
29 $2,427.78 $24,198.76 $25,749.64
30 $876.91 $25,749.64 $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 Mill Creek South Portland, ME


1500 sqft3900 sqft
Ø selling price$476,645$1,013,953
Ø fast selling$433,314$912,558
Ø high price sale$519,976$1,115,348

In 2026, houses in Mill Creek South Portland, ME will be offered at an average price of $253 per square foot. A 1,500 sqft home priced at $476,645 is 23.87% more expensive per square foot than a 3,900 sqft home priced at $1,013,953. Home prices in Mill Creek South Portland, ME vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $701,968. Sellers who can wait longer may achieve a higher price of up to $857,960.


Mill Creek, South Portland, ME

Overview

Mill Creek in South Portland, ME, is a vibrant commercial and residential hub near the waterfront. The area centers on Mill Creek Park, a beloved green space with a duck pond and walking paths that anchor community life.

Community and Events

Each summer, the park hosts the popular Art in the Park festival, drawing regional artists, families, and visitors. Shoppers appreciate the convenient mix of local boutiques, cafes, and essential services, including the long-standing Hannaford supermarket.

Location and Outdoors

Just over the Casco Bay Bridge from downtown Portland, Mill Creek offers quick access to restaurants, culture, and jobs across the harbor.
Outdoor lovers connect to the Greenbelt Walkway, which links Mill Creek to Knightville, Bug Light Park, and scenic harbor views. Transit-friendly and walkable streets, plus plentiful parking, make daily errands and commuting especially easy here.

Homes and Lifestyle

Housing options range from apartments over storefronts to nearby single-family homes, suiting renters, first-time buyers, and downsizers. Families value proximity to South Portland schools, libraries, and youth programs, alongside safe parks and neighborhood events. Whether you?re relocating or visiting, Mill Creek, South Portland delivers coastal New England charm with urban convenience and year-round activity.



FAQ – Home Values in Mill Creek South Portland

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

In 2026, the typical home value in Mill Creek South Portland is about $361,212 for an average home size of 1485 square feet. This corresponds to an average price of roughly $253 per square foot.

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

In 2026, homes in Mill Creek South Portland sell for an average of around $253 per square foot, with a typical range between $240.35 and $265.65 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Mill Creek?

The average home size in Mill Creek South Portland is about 1485 square feet, with an estimated 2026 value around $361,212.



Neighborhoods close to Mill Creek South Portland, ME

Oakhurst Cape Elizabeth, ME399 $ / ft²
Peaks Island Village Peaks Island, ME377 $ / ft²
Wildwood Cumberland Foreside, ME332 $ / ft²
Falmouth Foreside Falmouth, ME249 $ / ft²
Walnut Hill North Yarmouth, ME226 $ / ft²
Yarmouth Village Yarmouth, ME191 $ / ft²




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