ZIP Code 04108 — Portland, ME Home Prices (2026)

The typical home in ZIP 04108 (Portland, Maine) is worth about $746,000 at roughly $652 per square foot — 13% more expensive than the Portland median and 154% more expensive than the typical U.S. home.

$746,000

Typical home value

$652

Price per sq ft

#2 of 5

Portland ZIPs by value

+13%

vs Portland median

How 04108 compares

ZIP 04108 is one of the pricier ZIP codes in Portland: its typical home value of $746,000 ranks #2 of the 5 Portland ZIP codes we track (the citywide range runs from $539,000 in 04103 to $872,000 in 04109). Per square foot it costs about $652, against $631 for Portland as a whole, $271 for Maine, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 04108	$746,000	$652
Portland, ME	$658,000	$631
Maine	$361,500	$271
United States	$294,000	$195

Home value by size in 04108

Using this ZIP’s rate of about $652 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$652,000
1,500 sq ft	$978,000
2,000 sq ft	$1,304,000
2,500 sq ft	$1,630,000
3,000 sq ft	$1,956,000

Salary needed to buy a home in ZIP 04108

To buy the typical $746,000 home in ZIP 04108 with 20% down, you need a household income of roughly $203,000 a year (about $4,740 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $241,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$37,300	$5,890/mo	$252,000/yr
10% (+PMI)	$74,600	$5,630/mo	$241,000/yr
20%	$149,200	$4,740/mo	$203,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 04108

At about $652 per square foot, here is roughly how much home different budgets get you in ZIP 04108:

Budget	Approx. size	What that looks like locally
$400k	610 sq ft	below the local median — condos, smaller or older homes
$500k	770 sq ft	below the local median — condos, smaller or older homes
$600k	920 sq ft	around the typical home here
$750k	1150 sq ft	around the typical home here
$1.00M	1530 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 04108 home.

Estimate a specific home in 04108

The estimator below is pre-set to ZIP 04108 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Portland ZIP codes by home value

Where 04108 sits among Portland’s 5 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	04109	$872,000	$631
2	04108 (this page)	$746,000	$652
3	04101	$658,000	$641
4	04102	$551,000	$485
5	04103	$539,000	$394

ZIP 04108 home prices: frequently asked

What is the average home price in ZIP code 04108? +

The typical home in ZIP 04108 (Portland, ME) is worth about $746,000 as of 2026. That is 13% more expensive than the Portland median of $658,000 and 154% more expensive than the U.S. median of $294,000.

What is the price per square foot in 04108? +

About $652 per square foot in 04108, versus $631 across Portland and $271 across Maine. At that rate a 1,500 sq ft home runs roughly $978,000 and a 2,500 sq ft home about $1,630,000.

What salary do you need to buy a house in ZIP 04108? +

For the typical $746,000 home in ZIP 04108, a household income of about $203,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $241,000; with 5% down about $252,000.

Is 04108 an expensive ZIP code? +

Within Portland, 04108 ranks #2 of 5 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Portland. Nationally it is relatively expensive.

See the full Portland home values page, all Maine cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.