Investment metrics, interactive calculators, and data-driven analysis for Portland rental properties.
Pre-filled with Portland medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Portland.
Portland, ME has a population of 68,408 and has been growing at 0.6% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $420,000 paired with median rents of $1,780/mo produces an estimated cap rate of 2.78%.
Property taxes at 1.3% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 6.7x, homes cost about 6.7 times the local median income of $62,400. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Portland is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.