ZIP Code · ME

ZIP 04106

Pop. 27,019·Cumberland County·6th most expensive ZIP in Maine
Median rent (all units)
$2,413/mo
Year-over-Year
+3.0%
Month-over-Month
-0.2%
vs US Median
+$481
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 04106 · $2,413
More expensive than 77% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,630
1 BR
$1,850
2 BR
$2,370
3 BR
$2,880
4 BR+
$3,140
Research median
$2,370/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 04106 usually run 2.1% below trend in February and 2.1% above it in July, about $101 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 04106 is 1% below its high of $2,437 in July 2026, at $2,413 as of September 2026.

Past year vs. the rest of Maine

Rent in ZIP 04106 changed +3.0% over the year to September 2026. Across the 16 Maine ZIP codes Zillow tracks, the typical change was +3.1%.

Recent direction

Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($86,188) is $2,155 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,850); a 2-bedroom is $2,370.

Cheaper nearby

ZIP 04064, 9 miles away, rents for 18% less ($1,985/mo), about $5,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 04106. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$28,956/yr
At $2,413/mo median
Location
StateME
CountyCumberland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.0% YoY, -0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 04106 (South Portland, ME) is majority owner-occupied, has a large retiree population, 51.7% of residents hold a bachelor's degree or higher.

Population
27,019
Median income
$86,188
Median age
41.1
Renters
41.6%
Age distribution
14.6%
26.8%
25.1%
12.4%
21%
Under 1814.6%
18–3426.8%
35–5425.1%
55–6412.4%
65+21%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
80.1%
White80.1%
Black7.1%
Hispanic4%
Asian3.4%
Other5.4%
Education (25+)
21.3%
22.9%
51.7%
No HS diploma4%
HS diploma21.3%
Some college22.9%
Bachelor's+51.7%
Housing tenure
58.4%
41.6%
Owner58.4%
Renter41.6%

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

2021 vs 2026

How ZIP 04106 in South Portland, ME has changed in 5 years

Rent
$1,737 → $2,413
up 38.9%
Income
$73,492 → $86,188
up 17.3%
Population
26,646 → 27,019
up 1.4%
Renter share
35.7% → 41.6%
+5.9 pts
Bachelor's+
46.2% → 51.7%
+5.5 pts
Median age
43.7 → 41.1
-2.6 yrs

Five years ago, renters in ZIP 04106 in South Portland, ME paid around $1,737 a month. That figure now sits near $2,413, up 38.9% from the 2021 baseline. Household income in the area moved from $73,492 to $86,188 across the same window, up 17.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 04106 in South Portland, ME adding about 373 residents over the five-year window, up 1.4% on net. The renter share has risen from 35.7% to 41.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 46.2% to 51.7% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 04106 in South Portland, ME look reasonable against where the market sat half a decade ago.

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About renting in ZIP 04106

Last updated: October 17, 2026

ZIP code 04106 covers South Portland, ME. The median rent here is $2,413/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,370/mo.

At 34% of local median household income ($86,188/yr), ZIP 04106 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 04106?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,413/mo in ZIP 04106. The local median household income is $86,188/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 04106?

Rent in ZIP 04106 has risen 3.0% over the past year as of September 2026. It sits 1% below its high of $2,437 in July 2026.

When is the cheapest time to rent in ZIP 04106?

Asking rents in ZIP 04106 are usually lowest in February, about 2.1% below their yearly trend, and highest in July, about 2.1% above it. At today's median that is a gap of roughly $101 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 04106 compare to other ZIPs in Maine?

ZIP 04106 is one of the pricier among Maine ZIP codes for rent, ranking #6 of 22 at $2,413/mo. Over the year to September 2026, rent in ZIP 04106 changed +3.0%, against a typical +3.1% across the 16 Maine ZIP codes Zillow tracks.

How does ZIP 04106 compare to the rest of South Portland?

ZIP 04106 sits right at the South Portland citywide median of $2,413/mo.
Income Affordability
34%
MODERATE

At $2,413/mo, rent takes ~34% of ZIP 04106's median household income ($86,188/yr). The standard benchmark is 30%.

ZIP 04106 34%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

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