HousingHandbookReference data

U.S. ZIP Code · ME04108

Cumberland County · Portland-South Portland, ME

Typical home value

$722,881[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.4%
5-year / yr
+7.6%
10-year / yr
+7.7%

Relative price

vs U.S.
+154.5%
vs metro
+42.9%
vs state
+113.8%
ZIP 04108 location in ME
Location of ZIP 04108 in ME

Price history

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

The typical home in 04108 is worth $722,881 — 42.9% above the Portland-South Portland, ME median. Over the past year, values have risen 1.4%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$7,634[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
826[3]
Median household income
$94,318[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
1
Elementary
1
Middle
0
High
0
  • Peaks Island School

    Elementary · Grades PK–5 · Portland Public Schools

    46 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 yield
Net yield (after ~40% expenses)
Annual rent

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$3,655
Loan principal$578,305
Down payment$144,576
Total interest paid$737,596

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 ratio
Monthly cost to own$4,896
Monthly rent

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
97th percentile[1]
Rental yield
[2]
Property tax
74th percentile[3]

Frequently asked

How much is a home worth in ZIP code 04108?
The typical home in 04108 is worth $722,881, based on the Zillow Home Value Index.
Are home values rising in 04108?
Home values in 04108 are up 1.4% over the past year, and up 7.6% a year over five years.
What is the property tax rate in 04108?
The effective property tax rate in 04108 is 1.1% — roughly $7,634 a year on a typical home.
Who lives in 04108?
ZIP code 04108 has a population of 826 and a median household income of $94,318.

#Comparable ZIPs

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

  • ME

    Typical home
    $716,712
    Gross yield
  • ME

    Typical home
    $713,082
    Gross yield
  • Cumberland Center CDP, ME

    Typical home
    $704,517
    Gross yield
  • ME

    Typical home
    $704,071
    Gross yield
  • ME

    Typical home
    $692,580
    Gross yield
  • Oak Hill CDP, ME

    Typical home
    $691,380
    Gross yield
    4.8%

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