U.S. ZIP Code · ME04038
Cumberland County · Portland-South Portland, ME
Appreciation
- 1-year
- 0.0%
- 5-year / yr
- +6.4%
- 10-year / yr
- +7.6%
Relative price
- vs U.S.
- +91.5%
- vs metro
- +7.5%
- vs state
- +60.9%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 04038 is worth $543,887 — 7.5% above the Portland-South Portland, ME median. Over the past year, values have fallen 0.0%. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Cumberland County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Relatively Moderate
- Wildfire
- Very Low
- Drought
- Relatively Low
- Heat wave
- Relatively Low
- Hurricane
- Relatively Moderate
- Tornado
- Very Low
- Earthquake
- Relatively Low
- Winter weather
- Very High
#Who lives here
#Migration
Household moves in and out of Cumberland County over a year, from IRS tax-return data.
- Net migration
- +466[5]
- Moved in
- 9,440
- Moved out
- 8,974
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 5
- Elementary
- 3
- Middle
- 1
- High
- 1
Gorham High School
High · Grades 9–12 · Gorham Public Schools
813 students
Gorham Middle School
Middle · Grades 6–8 · Gorham Public Schools
668 students
Great Falls Elementary School
Elementary · Grades K–5 · Gorham Public Schools
500 students
Narragansett Elementary School
Elementary · Grades PK–5 · Gorham Public Schools
440 students
Village Elementary School-Gorham
Elementary · Grades K–5 · Gorham Public Schools
428 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 04038?
- The typical home in 04038 is worth $543,887, based on the Zillow Home Value Index.
- Are home values rising in 04038?
- Home values in 04038 are down 0.0% over the past year, and up 6.4% a year over five years.
- What is the property tax rate in 04038?
- The effective property tax rate in 04038 is 0.9% — roughly $4,753 a year on a typical home.
- Who lives in 04038?
- ZIP code 04038 has a population of 18,300 and a median household income of $112,312.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Portland, ME
- Typical home
- $547,942
- Gross yield
- 5.1%
Portland, ME
- Typical home
- $532,416
- Gross yield
- 5.8%
Saco, ME
- Typical home
- $525,139
- Gross yield
- 5.1%
South Portland, ME
- Typical home
- $524,788
- Gross yield
- 5.6%
South Berwick CDP, ME
- Typical home
- $523,852
- Gross yield
- —
Gray CDP, ME
- Typical home
- $512,637
- Gross yield
- 4.8%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 04038 against any other ZIP — full side-by-side table.
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