How much is a home worth in ZIP code 04005?

The typical home in 04005 is worth $505,923, based on the Zillow Home Value Index.

Are home values rising in 04005?

Home values in 04005 are up 1.1% over the past year, and up 6.9% a year over five years.

What is the typical rent in 04005?

A typical home in 04005 rents for about $1,924 a month, a gross rental yield of 4.6%.

What is the property tax rate in 04005?

The effective property tax rate in 04005 is 1.1% — roughly $5,378 a year on a typical home.

ZIP code 04005 has a population of 24,772 and a median household income of $74,647.

HousingHandbookReference data

…

U.S. ZIP Code · ME04005

York County · Portland-South Portland, ME

Typical home value

$505,923^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.1%
5-year / yr: +6.9%
10-year / yr: +8.4%

Relative price

vs U.S.: +78.1%
vs metro: ≈ metro median
vs state: +49.6%

Price history

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

The typical home in 04005 is worth $505,923. Over the past year, values have risen 1.1%. Homes here rent for a typical $1,924 a month — a 4.6% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,924^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $5,378^[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: 24,772^[3]
Median household income: $74,647^[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: 7
Elementary: 4
Middle: 1
High: 1

Biddeford High School
High · Grades 8–12 · Biddeford Public Schools
901 students
Biddeford Middle School
Middle · Grades 5–7 · Biddeford Public Schools
498 students
Biddeford Primary School
Elementary · Grades 1–2 · Biddeford Public Schools
369 students
Biddeford Intermediate School
Elementary · Grades 3–4 · Biddeford Public Schools
329 students
John F Kennedy Memorial School
Elementary · Grades PK–K · Biddeford Public Schools
301 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.

Home value$Monthly rent$

Gross yield4.6%

Net yield (after ~40% expenses)2.7%

Annual rent$23,094

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,558

Loan principal$404,739

Down payment$101,185

Total interest paid$516,222

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.78

Monthly cost to own$3,427

Monthly rent$1,924

Renting is meaningfully cheaper month-to-month.

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: 78th percentile^[1]
Rental yield: 26th percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for most populous in MEView list →

Frequently asked

How much is a home worth in ZIP code 04005?: The typical home in 04005 is worth $505,923, based on the Zillow Home Value Index.
Are home values rising in 04005?: Home values in 04005 are up 1.1% over the past year, and up 6.9% a year over five years.
What is the typical rent in 04005?: A typical home in 04005 rents for about $1,924 a month, a gross rental yield of 4.6%.
What is the property tax rate in 04005?: The effective property tax rate in 04005 is 1.1% — roughly $5,378 a year on a typical home.
Who lives in 04005?: ZIP code 04005 has a population of 24,772 and a median household income of $74,647.

#Comparable ZIPs

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

04064 vs 04005 →
Old Orchard Beach CDP, ME
Typical home
$507,024
Gross yield
4.9%
04071 vs 04005 →
ME
Typical home
$511,391
Gross yield
—
04039
Gray CDP, ME
Typical home
$512,637
Gross yield
4.8%
04011
Brunswick CDP, ME
Typical home
$491,700
Gross yield
5.3%
04062
North Windham CDP, ME
Typical home
$489,023
Gross yield
5.6%
03908
South Berwick CDP, ME
Typical home
$523,852
Gross yield
—

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#Jump to section

U.S. ZIP Code · ME04005

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