House Prices

Redbank South Portland, ME House Prices & Home Values 2026


Average Data

average house price$315,973
average size per house1299 ft²
average price per ft²221 $ / ft²

05/20/2026 - The value range (VR) for house prices in Redbank South Portland, ME is $209.95/ sqft to $232.05/ sqft. An average home with 1299 sqft costs approximately $247,635 to $273,702. 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 $221. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Redbank South Portland

04106237 $ / ft²




Historical development of home values in Redbank South Portland

Year Estimated value (USD) Change vs. 2025
2010 $146,744 -53.6%
2011 $141,069 -55.4%
2012 $140,689 -55.5%
2013 $145,948 -53.8%
2014 $153,205 -51.5%
2015 $161,068 -49.0%
2016 $169,474 -46.4%
2017 $178,621 -43.5%
2018 $188,496 -40.3%
2019 $197,236 -37.6%
2020 $207,432 -34.4%
2021 $235,932 -25.3%
2022 $275,044 -13.0%
2023 $290,046 -8.2%
2024 $306,826 -2.9%
2025 $315,973 0.0%

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



Example: 100% financing house in Redbank South Portland

Loan amount: $315,973

Interest rate: 5.45%

Fixed monthly payment: $1,783.76

Breakdown in the 1st month:
Interest portion: $1,434.52  –  Principal portion: $349.25

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,107.96 $4,297.22 $311,675.78
2 $16,867.91 $4,537.26 $307,138.52
3 $16,614.46 $4,790.72 $302,347.80
4 $16,346.84 $5,058.34 $297,289.46
5 $16,064.28 $5,340.90 $291,948.56
6 $15,765.93 $5,639.25 $286,309.31
7 $15,450.91 $5,954.26 $280,355.05
8 $15,118.30 $6,286.88 $274,068.17
9 $14,767.11 $6,638.07 $267,430.10
10 $14,396.30 $7,008.88 $260,421.22
11 $14,004.77 $7,400.40 $253,020.82
12 $13,591.38 $7,813.80 $245,207.02
13 $13,154.89 $8,250.29 $236,956.74
14 $12,694.02 $8,711.16 $228,245.58
15 $12,207.40 $9,197.77 $219,047.81
16 $11,693.61 $9,711.57 $209,336.24
17 $11,151.11 $10,254.07 $199,082.17
18 $10,578.30 $10,826.87 $188,255.29
19 $9,973.50 $11,431.68 $176,823.62
20 $9,334.91 $12,070.26 $164,753.36
21 $8,660.66 $12,744.52 $152,008.83
22 $7,948.73 $13,456.45 $138,552.39
23 $7,197.04 $14,208.14 $124,344.25
24 $6,403.36 $15,001.82 $109,342.43
25 $5,565.34 $15,839.84 $93,502.59
26 $4,680.50 $16,724.67 $76,777.91
27 $3,746.24 $17,658.93 $59,118.98
28 $2,759.80 $18,645.38 $40,473.60
29 $1,718.24 $19,686.93 $20,786.67
30 $618.51 $20,786.67 $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 Redbank South Portland, ME


1500 sqft3900 sqft
Ø selling price$364,213$774,780
Ø fast selling$331,103$697,302
Ø high price sale$397,323$852,258

In 2026, houses in Redbank South Portland, ME will be offered at an average price of $221 per square foot. A 1,500 sqft home priced at $364,213 is 20.88% more expensive per square foot than a 3,900 sqft home priced at $774,780. Home prices in Redbank 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 $536,386. Sellers who can wait longer may achieve a higher price of up to $655,583.


Living in Redbank, South Portland, ME

The Redbank neighborhood in South Portland, ME offers a convenient, affordable residential base in the heart of Greater Portland. Just minutes from the Maine Mall, the Portland International Jetport, and downtown Portland, Redbank places daily essentials and employment close at hand. Residents appreciate its neighborhood feel, sidewalk-lined streets, and access to nearby parks and trails for quick outdoor escapes.

Location and Accessibility

Commuters benefit from fast connections to I?295, the Maine Turnpike (I?95), and U.S. Route 1, plus local bus service linking Redbank with the Maine Mall and downtown. The Westbrook Street corridor and surrounding retail hubs provide groceries, services, and healthcare within a short walk or drive.

Amenities and Lifestyle

Shopping and dining span the Maine Mall and Clark?s Pond districts, with national retailers, local eateries, gyms, and everyday conveniences. Weekend plans are easy with nearby waterfront favorites like Bug Light Park, Willard Beach, and the South Portland Greenbelt Walkway offering scenic paths and harbor views.

Housing and Community

Housing options range from the long-established Redbank Village apartments to updated townhomes and modest single-family homes that appeal to renters and first-time buyers. The area is served by South Portland Public Schools and is close to community resources such as libraries, playgrounds, and recreation programs.

Why Redbank Stands Out

Blending value, location, and everyday convenience, Redbank, South Portland stands out as a smart choice for commuters, families, and anyone seeking a practical home base near Portland?s core.



FAQ – Home Values in Redbank South Portland

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

In 2026, the typical home value in Redbank South Portland is about $315,973 for an average home size of 1299 square feet. This corresponds to an average price of roughly $221 per square foot.

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

In 2026, homes in Redbank South Portland sell for an average of around $221 per square foot, with a typical range between $209.95 and $232.05 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Redbank?

The average home size in Redbank South Portland is about 1299 square feet, with an estimated 2026 value around $315,973.



Neighborhoods close to Redbank 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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