Home prices
The median home in South Portland is valued at $257,200. Compared to nearby areas this is approximately $44,500 (14%) lower.In comparison to the entire nation it is approximately $39,700 (18%) higher, and compared to the city of Manchester is about $29,600 (13%) higher.
Rents
The median rent in South Portland is $1,305 a month. This is roughly $176 (15%) higher in comparison to nearby areas.Compared to the rest of the nation it is about $243 (22%) higher, and compared to the city of Manchester it is roughly $170 (14%) higher.
Nearby places
Portland
Portland is South Portland's neighbor to the north. Real estate prices there are somewhat more expensive. The value of the median home in Portland is $289,000, which is $31,800 (11%) higher than South Portland. Its rents are a bit less expensive. In Portland the median rent is $1,124 a month, which works out to $181 (16%) lower than South Portland.
Westbrook
Westbrook is South Portland's neighbor to the northwest. Real estate prices there are a bit less expensive. Westbrook's median home value is $232,900, which works out to $24,300 (10%) lower than South Portland. Rent there is a little less expensive. Westbrook's median rent is $1,030 a month, which comes out to $275 (26%) lower than South Portland.
Scarborough
Scarborough is about 2 miles southwest of South Portland. Real estate prices there are a bit more expensive. The median home in Scarborough is valued at $295,800, which comes out to $38,600 (13%) higher than South Portland. Rents there are a bit less expensive. Scarborough's median monthly rent is $1,125, which comes out to $180 (15%) lower than South Portland.
Falmouth
Falmouth is roughly 5 miles northeast from South Portland. Its real estate prices are a lot more expensive. The median home in Falmouth is valued at $428,700, which comes out to $171,500 (40%) higher than South Portland. The rent there is similar. Falmouth's median rent is $1,356 per month, which comes out to $51 (3%) higher than South Portland.
Gorham
Gorham is roughly 7 miles northwest from South Portland. The housing prices there are similar. The value of the median home in Gorham is $262,100, which comes out to $4,900 (1%) higher than South Portland. The rent there is somewhat less expensive. Gorham's median rent is $1,009 a month, which comes out to $296 (29%) lower than South Portland.
