Home prices
The median home value in Portland is $289,000. It is approximately $50,700 (14%) lower compared to its surrounding areas.Compared to the nation as a whole it is roughly $71,500 (32%) higher, and in comparison to the city of Manchester is about $61,400 (26%) higher.
Rents
Portland's median rent is $1,124 per month. Compared to other places in this area it is about $189 (14%) lower.Compared to the entire nation it is approximately $62 (5%) higher, and compared to the city of Manchester is is very similar.
Nearby places
Falmouth
Falmouth is Portland's neighbor to the northeast. Its housing prices are significantly more expensive. The cost of the median home in Falmouth is $428,700, which works out to $139,700 (32%) higher than Portland. Rent there is a bit more expensive. The median rent in Falmouth is $1,356 per month, which comes out to $232 (17%) higher than Portland.
South Portland
South Portland is Portland's neighbor to the south. Housing prices there are a little less expensive. The median home in South Portland costs $257,200, which comes out to $31,800 (12%) lower than Portland. The rent there is a bit more expensive. In South Portland the median rent is $1,305 per month, which is $181 (13%) higher than Portland.
Westbrook
Westbrook is Portland's neighbor to the west. The real estate prices there are somewhat less expensive. The value of the median home in Westbrook is $232,900, which is $56,100 (24%) lower than Portland. Rent there is somewhat less expensive. The median rent in Westbrook is $1,030 per month, which is $94 (9%) lower than Portland.
Falmouth Foreside
Falmouth Foreside is approximately 4 miles northeast from Portland. Housing prices there are a lot more expensive. The median home value in Falmouth Foreside is $483,900, which comes out to $194,900 (40%) higher than Portland. Rent there is significantly more expensive. Falmouth Foreside's median monthly rent is $1,750, which is $626 (35%) higher than Portland.
Scarborough
Scarborough is roughly 5 miles southwest from Portland. The housing prices there are pretty similar. The price of the median home in Scarborough is $295,800, which works out to $6,800 (2%) higher than Portland. The rent there is fairly similar. In Scarborough the median monthly rent is $1,125, which is very similar to Portland.
