ZIP Code Market Report
04106 — South Portland, ME
Data through February 2026 · Updated monthly
Avg Home Value
$503,519
▲ 1.7% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$518,892
Condo / Co-op
$392,613
The average home value in the 04106 ZIP code (South Portland, MAINE) is $503,519 as of February 2026. Home prices are rising, up 1.7% compared to last year.
A 3-bedroom home in 04106 is valued at $518,363. 1-bedroom units start around $285,942. Single-family homes average $518,892, while condos average $392,613.
The market in 04106 has a $306,834 spread between bottom-tier homes at $397,020 and top-tier homes at $703,853. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 04106 ZIP code will decrease 0.2% over the next 12 months, bringing the projected average to approximately $502,512. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Cumberland County market area in MAINE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Cumberland County report.
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Market Snapshot
04106 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $507,691 | $506,476 | $503,519 | ▼ 0.8% |
| Single Family Value | $513,087 | $516,053 | $518,892 | ▲ 1.1% |
Home Values
04106 Home Value Trend
Historical home values for ZIP code 04106. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 04106
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $285,942 |
| 2 Bedrooms | $418,170 |
| 3 Bedrooms | $518,363 |
| 4 Bedrooms | $636,348 |
Property Types
Home Values by Property Type in 04106
How different property types compare in this ZIP code.
All Homes
$503,519
Single Family
$518,892
Condo / Co-op
$392,613
Bottom Tier
$397,020
Top Tier
$703,853
Forecast
12-Month Home Value Forecast for 04106
Zillow projects home values in 04106 will decrease 0.2% over the next year, reaching approximately $502,512.
Current Value
$503,519
Projected Change
-0.2%
▼ 0.2%
Projected Value
$502,512
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 04106 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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