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ZIP Code · ME

ZIP 04103

Part of Portland, ME
Pop. 32,024·Cumberland County·3rd most expensive ZIP in Maine
Median rent (all units)
$2,722/mo
Year-over-Year
+22.4%
Month-over-Month
+1.6%
vs US Median
+$757
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 04103 · $2,722
More expensive than 85% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,670
2 BR
$2,150
3 BR
$2,620
4 BR+
$2,850
Research median
$2,150/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$32,664/yr
At $2,722/mo median
Location
StateME
CountyCumberland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 22.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+22.4% YoY, +1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 04103 (Portland, ME) is majority owner-occupied, has a median income above the national average, 59% of residents hold a bachelor's degree or higher.

Population
32,024
Median income
$89,796
Median age
38.1
Renters
38.5%
Age distribution
19.2%
23.8%
27.1%
12.1%
17.8%
Under 1819.2%
18–3423.8%
35–5427.1%
55–6412.1%
65+17.8%
Gender
46.3%
53.7%
Male46.3%
Female53.7%
Race & ethnicity
80.1%
White80.1%
Black8.9%
Hispanic2.1%
Asian4.2%
Other4.6%
Education (25+)
15.2%
24%
59%
No HS diploma1.8%
HS diploma15.2%
Some college24%
Bachelor's+59%
Housing tenure
61.5%
38.5%
Owner61.5%
Renter38.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 04103 in Portland, ME has changed in 5 years

Income
$76,540 → $89,796
up 17.3%
Population
32,011 → 32,024
up 0.0%
Renter share
39.1% → 38.5%
-0.6 pts
Bachelor's+
55.5% → 59%
+3.5 pts
Median age
37.1 → 38.1
+1.0 yrs

Median household income rose from $76,540 to $89,796 between 2021 and 2024, a 17.3% shift. College-educated residents now make up 59% of adults here, versus 55.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 04103

About renting in ZIP 04103

Last updated: July 20, 2026

ZIP code 04103 covers Portland, ME. The median rent here is $2,722/mo as of July 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $2,150/mo.

At 36% of local median household income ($89,796/yr), ZIP 04103 ranks as moderate compared to the national benchmark of 30%. Rents have increased 22.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 04103?

As of July 20, 2026, the median monthly rent in ZIP 04103 (Portland, ME) is $2,722. This is based on aggregated data from public sources and community submissions.

How does ZIP 04103 rent compare to the US average?

ZIP 04103's median rent of $2,722/mo is $757 (39%) above the US national median of $1,965/mo.

How does ZIP 04103 compare to other ZIPs in Maine?

ZIP 04103 is one of the pricier ZIP codes in Maine, ranking #3 out of 26 ZIPs tracked at $2,722/mo.

How much income do you need to rent in ZIP 04103?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,722/mo in ZIP 04103. The local median household income is $89,796/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 04103?

Rent in ZIP 04103 has increased 22.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 04103 an affordable place to rent?

ZIP 04103 is considered moderate for renters. At $2,722/mo, rent takes approximately 36% of the local median household income ($89,796/yr). The standard benchmark is 30%. ZIP 04103 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 04103 residents rent vs. own?

According to Census data, approximately 38.5% of ZIP 04103 households are renters, while 61.5% are owner-occupied. ZIP 04103 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 04103 compare to the rest of Portland?

ZIP 04103 is pricier than Portland as a whole. At $2,722/mo, it's $293 above the Portland citywide median of $2,429/mo.

When was rent data for ZIP 04103 last updated?

Rent data for ZIP 04103 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $2,722/mo, rent takes ~36% of ZIP 04103's median household income ($89,796/yr). The standard benchmark is 30%.

ZIP 04103 36%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

Public schools near ZIP 04103 (Portland, ME)

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