Portland, ME Real Estate
According to census data in the year 2000 there were 31,864 housing units in Portland.
This represents a 1.8% growth from 31,293 in 1990.
Of those housing units, 30,628 were located in either urbanized areas or urban clusters, and 1,236 were located in what is classified as a rural area.
Homeownership rate in Portland is about 42.4%.
Portland's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.08 people.
The majority of houses, apartments or condos in Portland were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.60% |
| One Bedroom | 24.80% |
| Two Bedrooms | 33.10% |
| Three Bedrooms | 25.20% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $121,200 |
| Median Price asked for vacant units | $105,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $635 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 55.30% |
| Debt Free | 28.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
