04109, Portland, ME

The 4109 zip code of Portland, ME is located in the eastern part of the city and has a population of about 36,000. The median home value in this zip code is $216,000 which is about $50,000 more than the median home value in Maine as a whole. In addition, the 4109 zip code has a higher percentage of owner-occupied homes than the statewide average and a lower percentage of rental homes.

One reason that home values in this zip code are higher than statewide averages is that Portland has seen strong growth over the past few years. The city's population has increased by about 10%, and jobs have also been increasing rapidly. This growth has led to an increase in demand for housing, which has pushed prices up. Additionally, there are relatively few vacant homes available for sale or rent in this area, so competition for properties is relatively stiff.

Despite these factors, it's important to keep in mind that not everyone living in the 4109 zip code can afford to buy or rent a house at current prices. Many people who live here are either renters or owners who bought their homes several years ago when prices were lower. As prices continue to rise and more people become interested in buying or renting property here, it's likely that some homeowners will find themselves unable to sell their homes at current prices and will have to downsize or move away from Portland altogether.