HousingHandbookReference data

U.S. ZIP Code · ME04062

Cumberland County · Portland-South Portland, ME

Typical home value

$489,023[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.7%
5-year / yr
+6.5%
10-year / yr
+7.8%

Relative price

vs U.S.
+72.2%
vs metro
-3.3%
vs state
+44.6%
ZIP 04062 location in ME
Location of ZIP 04062 in ME

Price history

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

The typical home in 04062 is worth $489,023 — 3.3% below the Portland-South Portland, ME median. Over the past year, values have risen 1.7%. Homes here rent for a typical $2,301 a month — a 5.6% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
$2,301[2]
Gross yield
5.6%[2]
Cap rate
3.4%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$5,031[3]

#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

Population
19,188[3]
Median household income
$107,934[3]

#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
4
Elementary
2
Middle
1
High
1
  • Windham High School

    High · Grades 9–12 · RSU 14

    944 students

  • Windham Primary School

    Elementary · Grades K–3 · RSU 14

    726 students

  • Windham Middle School

    Middle · Grades 6–8 · RSU 14

    554 students

  • Manchester School

    Elementary · Grades 4–5 · RSU 14

    403 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 yield5.6%
Net yield (after ~40% expenses)3.4%
Annual rent$27,607

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$2,473
Loan principal$391,219
Down payment$97,805
Total interest paid$498,978

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 ratio1.43
Monthly cost to own$3,300
Monthly rent$2,301

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
60th percentile[1]
Rental yield
89th percentile[2]
Property tax
68th percentile[3]

Frequently asked

How much is a home worth in ZIP code 04062?
The typical home in 04062 is worth $489,023, based on the Zillow Home Value Index.
Are home values rising in 04062?
Home values in 04062 are up 1.7% over the past year, and up 6.5% a year over five years.
What is the typical rent in 04062?
A typical home in 04062 rents for about $2,301 a month, a gross rental yield of 5.6%.
What is the property tax rate in 04062?
The effective property tax rate in 04062 is 1.0% — roughly $5,031 a year on a typical home.
Who lives in 04062?
ZIP code 04062 has a population of 19,188 and a median household income of $107,934.

#Comparable ZIPs

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

  • North Berwick CDP, ME

    Typical home
    $486,994
    Gross yield
  • Brunswick CDP, ME

    Typical home
    $491,700
    Gross yield
    5.3%
  • Berwick CDP, ME

    Typical home
    $475,766
    Gross yield
  • ME

    Typical home
    $474,493
    Gross yield
  • ME

    Typical home
    $474,109
    Gross yield
  • Alfred CDP, ME

    Typical home
    $473,544
    Gross yield

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