How much is a home worth in ZIP code 04106?

The typical home in 04106 is worth $524,788, based on the Zillow Home Value Index.

Are home values rising in 04106?

Home values in 04106 are up 2.2% over the past year, and up 6.2% a year over five years.

What is the typical rent in 04106?

A typical home in 04106 rents for about $2,446 a month, a gross rental yield of 5.6%.

What is the property tax rate in 04106?

The effective property tax rate in 04106 is 1.0% — roughly $5,285 a year on a typical home.

ZIP code 04106 has a population of 27,019 and a median household income of $86,188.

HousingHandbookReference data

…

U.S. ZIP Code · ME04106

Cumberland County · Portland-South Portland, ME

Typical home value

$524,788^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +6.2%
10-year / yr: +8.2%

Relative price

vs U.S.: +84.7%
vs metro: +3.7%
vs state: +55.2%

Price history

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

The typical home in 04106 is worth $524,788 — 3.7% above the Portland-South Portland, ME median. Over the past year, values have risen 2.2%. Homes here rent for a typical $2,446 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: $2,446^[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: $5,285^[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: 27,019^[3]
Median household income: $86,188^[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: 5
Middle: 0
High: 2

South Portland High School
High · Grades 9–12 · South Portland Public Schools
995 students
Waldo T Skillin Elementary School
Elementary · Grades K–4 · South Portland Public Schools
311 students
Frank I Brown Elementary School
Elementary · Grades K–4 · South Portland Public Schools
222 students
Dyer Elementary School
Elementary · Grades PK–4 · South Portland Public Schools
212 students
Dora L Small Elementary School
Elementary · Grades K–4 · South Portland Public Schools
204 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$29,358

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$2,654

Loan principal$419,830

Down payment$104,958

Total interest paid$535,470

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 ratio1.44

Monthly cost to own$3,533

Monthly rent$2,446

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: 39th percentile^[1]
Rental yield: 84th percentile^[2]
Property tax: 65th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for most populous in MEView list →

Frequently asked

How much is a home worth in ZIP code 04106?: The typical home in 04106 is worth $524,788, based on the Zillow Home Value Index.
Are home values rising in 04106?: Home values in 04106 are up 2.2% over the past year, and up 6.2% a year over five years.
What is the typical rent in 04106?: A typical home in 04106 rents for about $2,446 a month, a gross rental yield of 5.6%.
What is the property tax rate in 04106?: The effective property tax rate in 04106 is 1.0% — roughly $5,285 a year on a typical home.
Who lives in 04106?: ZIP code 04106 has a population of 27,019 and a median household income of $86,188.

#Comparable ZIPs

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

04072 vs 04106 →
Saco, ME
Typical home
$525,139
Gross yield
5.1%
03908 vs 04106 →
South Berwick CDP, ME
Typical home
$523,852
Gross yield
—
04103
Portland, ME
Typical home
$532,416
Gross yield
5.8%
04039
Gray CDP, ME
Typical home
$512,637
Gross yield
4.8%
04071
ME
Typical home
$511,391
Gross yield
—
04064
Old Orchard Beach CDP, ME
Typical home
$507,024
Gross yield
4.9%

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Pit ZIP 04106 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · ME04106

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