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South Portland

Learn about the people, housing, costs and businesses in South Portland, Maine

Median Home$466,367
Median Rent$1,786/month
Population26,930
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services10% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.9% over 2 years
Young Adults34% of residentswell above average
Homeowners58% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
South Portland
ME

Explore South Portland

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in South Portland?

As of today, the 30-year fixed mortgage rate for South Portland is approximately 6.847% (6.881% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in South Portland?

The median home value in South Portland is $466k. The median monthly rent is $1,786. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Portland?

Home values in South Portland have increased 21.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in South Portland?

Based on a typical all-in ownership cost of $1,696/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Portland is $88k/year.

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What industries drive the economy in South Portland?

The largest employment sectors in South Portland are public administration (26%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.