HousingHandbookReference data

U.S. ZIP Code · ME04002

York County · Portland-South Portland, ME

Typical home value

$473,544[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.2%
5-year / yr
+5.9%
10-year / yr
+7.7%

Relative price

vs U.S.
+66.7%
vs metro
-6.4%
vs state
+40.1%
ZIP 04002 location in ME
Location of ZIP 04002 in ME

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 04002 is worth $473,544 — 6.4% below the Portland-South Portland, ME median. Over the past year, values have risen 1.2%. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$4,259[3]

#Climate risk

FEMA National Risk Index ratings for York County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Relatively High
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
7,737[3]
Median household income
$84,537[3]

#Migration

Household moves in and out of York County over a year, from IRS tax-return data.

Net migration
+845[5]
Moved in
6,644
Moved out
5,799

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
2
Middle
0
High
0
  • Lyman Elementary School

    Elementary · Grades PK–5 · RSU 57/MSAD 57

    243 students

  • Alfred Elementary School

    Elementary · Grades PK–5 · RSU 57/MSAD 57

    189 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,394
Loan principal$378,835
Down payment$94,709
Total interest paid$483,183

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,144
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
22nd percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 04002?
The typical home in 04002 is worth $473,544, based on the Zillow Home Value Index.
Are home values rising in 04002?
Home values in 04002 are up 1.2% over the past year, and up 5.9% a year over five years.
What is the property tax rate in 04002?
The effective property tax rate in 04002 is 0.9% — roughly $4,259 a year on a typical home.
Who lives in 04002?
ZIP code 04002 has a population of 7,737 and a median household income of $84,537.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • ME

    Typical home
    $474,109
    Gross yield
  • ME

    Typical home
    $474,493
    Gross yield
  • Berwick CDP, ME

    Typical home
    $475,766
    Gross yield
  • ME

    Typical home
    $470,736
    Gross yield
  • Topsham CDP, ME

    Typical home
    $468,358
    Gross yield
  • Standish CDP, ME

    Typical home
    $468,149
    Gross yield

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