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Foreclosure Homes in Portland, ME 04110

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Portland, ME Foreclosures

How much do homes sell for in Portland, ME?
The average home price is currently $698,656.
What’s the average rental cost in Portland, ME?
The average rental price in Portland is $1,508.
What is the most expensive home in Portland?
The most expensive home sold in Portland had a price of $67,501,016.
What is currently the cheapest priced home in Portland, ME?
The cheapest home for sale in Portland is priced at $10,011.

Living in Portland, ME

Portland, ME is a charming coastal city with a rich history and a dynamic arts scene. The city offers a variety of recreational activities and an array of restaurants and attractions. With its picturesque waterfront and friendly community, Portland is an ideal location for real estate investment.

Current Market Conditions in Portland, ME

The real estate market in Portland has been experiencing steady growth, with home values increasing due to high demand and limited inventory. This trend has been driven by an influx of new residents seeking the city's lifestyle and job opportunities.

Investors are particularly interested in multi-family properties and commercial spaces, as rental demand remains strong. Additionally, the city's ongoing development projects and revitalization efforts are likely to continue enhancing property values.

Home Value Estimator For Portland, ME

There are currently 20,790 real estate properties in Portland, ME, with a median automated valuation model (AVM) price of $577,804.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Portland, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Portland, ME, is $698,656.00, with the most expensive house in Portland, ME, topping out at $67,501,016.00 and the cheapest home in Portland, ME, clocking in at $10,011.00. In other words, there’s something for every potential homebuyer or savvy investor in Portland, ME!

Rent Prices In Portland, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Portland, ME, is on a rollercoaster ride. The average rent price in Portland, ME, is $1,508.00. Indeed, when looking to rent in Portland, ME, you can expect to pay as little as $760.00 or as much as $3,180.00, with the average rent median estimated to be $1,490.00. The good news is that finding an affordable and desirable property to rent in Portland, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Portland, ME 04110 Foreclosures

Market Trend for Portland, ME

Total Listings Available: 0

Market Values:

Home Prices from $10,011 to $67,501,016

Average Sales Price: $698,656

Rental Values:

Rental from $760 to $3,180

Average Rent Value: $1,508 / month

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