How much is a home worth in ZIP code 04074?

The typical home in 04074 is worth $691,380, based on the Zillow Home Value Index.

Are home values rising in 04074?

Home values in 04074 are down 0.3% over the past year, and up 6.5% a year over five years.

What is the typical rent in 04074?

A typical home in 04074 rents for about $2,785 a month, a gross rental yield of 4.8%.

What is the property tax rate in 04074?

The effective property tax rate in 04074 is 1.0% — roughly $7,024 a year on a typical home.

ZIP code 04074 has a population of 23,076 and a median household income of $135,018.

HousingHandbookReference data

…

U.S. ZIP Code · ME04074

Cumberland County · Portland-South Portland, ME

Typical home value

$691,380^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +6.5%
10-year / yr: +7.6%

Relative price

vs U.S.: +143.4%
vs metro: +36.7%
vs state: +104.5%

Price history

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

The typical home in 04074 is worth $691,380 — 36.7% above the Portland-South Portland, ME median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $2,785 a month — a 4.8% 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: $2,785^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $7,024^[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: 23,076^[3]
Median household income: $135,018^[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: 7
Elementary: 4
Middle: 1
High: 2

Scarborough High School
High · Grades 9–12 · Scarborough Public Schools
916 students
Wentworth School
Elementary · Grades 3–5 · Scarborough Public Schools
679 students
Scarborough Middle School
Middle · Grades 6–8 · Scarborough Public Schools
651 students
Maine Connections Academy
High · Grades 7–12 · Maine Connections Academy
510 students
Eight Corners Elementary School
Elementary · Grades K–2 · Scarborough Public Schools
214 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$33,420

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$3,496

Loan principal$553,104

Down payment$138,276

Total interest paid$705,453

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 ratio1.67

Monthly cost to own$4,660

Monthly rent$2,785

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: 61st percentile^[1]
Rental yield: 47th percentile^[2]
Property tax: 67th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in MEView list →

Frequently asked

How much is a home worth in ZIP code 04074?: The typical home in 04074 is worth $691,380, based on the Zillow Home Value Index.
Are home values rising in 04074?: Home values in 04074 are down 0.3% over the past year, and up 6.5% a year over five years.
What is the typical rent in 04074?: A typical home in 04074 rents for about $2,785 a month, a gross rental yield of 4.8%.
What is the property tax rate in 04074?: The effective property tax rate in 04074 is 1.0% — roughly $7,024 a year on a typical home.
Who lives in 04074?: ZIP code 04074 has a population of 23,076 and a median household income of $135,018.

#Comparable ZIPs

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

04097 vs 04074 →
ME
Typical home
$692,580
Gross yield
—
04032 vs 04074 →
Freeport CDP, ME
Typical home
$683,592
Gross yield
—
04548
ME
Typical home
$704,071
Gross yield
—
04021
Cumberland Center CDP, ME
Typical home
$704,517
Gross yield
—
04079
ME
Typical home
$713,082
Gross yield
—
04066
ME
Typical home
$716,712
Gross yield
—

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#Jump to section

U.S. ZIP Code · ME04074

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