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Portland Real Estate & Homes for Sale in Maine

Located in the state's southern coast region, this city beautifully fuses seascape with cityscape. Home to approximately 66,000 people, it is one of the nation's safest cities and has a reputation for being one of the nation's best cities to raise children. Portland is situated on the Atlantic coast surrounded by Casco Bay and the "Calendar Islands." It is the largest city in the state and is also known as "Maine's business, financial and retail capital." Other industries that provide employment in Portland include: educational; health and social services; professional, scientific, management, administrative and waste management services; arts and entertainment; and recreation, accommodation and food services.

Portland experiences mild winters and warm, breezy summers. Outdoor enthusiasts pursue recreational activities at Portland's many parks, ice arenas, municipal golf courses and many hiking and biking trails. Additional recreational areas, like Crescent Beach State Park and Fort Williams Park, are located in the greater Portland area. Locals travel approximately one hour west of town to the White Mountains, a popular area for skiing and hiking.

Portland's Public School District, among other districts, serves the area's children in grades K-12. Multiple private schools provide alternate choices to public education. Portland is also home to several colleges and universities. Real estate options consist of single-family homes, estate properties, condominiums, townhouses, and land lots.

Portland one of the finest New England cities and a rewarding residence for families and entrepreneurs alike provides a wonderful niche for individuals of all interests and lifestyles.

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Price Range of Portland Houses

The real estate market in Portland, ME presents future homeowners and investors with a nice selection of single-family homes, condos and townhomes. The houses in Portland tend to be many different styles including contemporary designs, ranch homes, farmhouses, and bungalows.

Prices for single-family homes in Portland usually range between the low $200,000s - $1,000,000+. Estate properties with scenic views of the city and of waterways such as streams, brooks and rivers or on wooded waterfront lots start in the mid-$400,000s. Condominiums and townhouses in Portland are priced from under $130,000 to over a million. A very small selection of land and lots are also available for custom development

Portland Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $265,700 compared to $265,700 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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