ZIP Code · ME

ZIP 04107

Part of Cape Elizabeth, ME

Pop. 9,656·Cumberland County·1st most expensive ZIP in Maine

Median rent (all units)

$3,217/mo

Year-over-Year

Stable

Month-over-Month

+1.0%

vs US Median

+$1,285

Reported rents

Rising (Monthly)

Be the first to discuss 04107 rents ↓

Most AffordableMost Expensive

ZIP 04107 · $3,217

More expensive than 93% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,210

1 BR

$2,490

2 BR

$3,200

3 BR

$3,890

4 BR+

$4,240

Research median

$3,200/mo

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

Rent trends

12-month history

Loading…

Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($146,054) is $3,651 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,200); a 3-bedroom is $3,890.

Cheaper nearby

ZIP 04106, 4 miles away, rents for 25% less ($2,413/mo), about $9,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 04107. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$38,604/yr

At $3,217/mo median

Location

CityCape Elizabeth

StateME

CountyCumberland County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 04107 (Cape Elizabeth, ME) is majority owner-occupied, has a large retiree population, has a median income above the national average, 73.5% of residents hold a bachelor's degree or higher.

Population

9,656

Median income

$146,054

Median age

47.5

Renters

11.9%

Age distribution

25.8%

26.4%

13.7%

25.5%

Under 1825.8%

18–348.5%

35–5426.4%

55–6413.7%

65+25.5%

Gender

45.7%

54.3%

Male45.7%

Female54.3%

Race & ethnicity

92.7%

White92.7%

Hispanic2.4%

Asian1%

Other3.6%

Education (25+)

15.3%

73.5%

No HS diploma0.9%

HS diploma10.2%

Some college15.3%

Bachelor's+73.5%

Housing tenure

88.1%

Owner88.1%

Renter11.9%

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

2021 vs 2026

How ZIP 04107 in Cape Elizabeth, ME has changed in 5 years

Income

$129,503 → $146,054

up 12.8%

Population

9,448 → 9,656

up 2.2%

Renter share

12.6% → 11.9%

-0.7 pts

Bachelor's+

76.2% → 73.5%

-2.7 pts

Median age

48.8 → 47.5

-1.3 yrs

Local incomes tracked alongside that move, going from a median of $129,503 in 2021 to $146,054 more recently. Headcount in the area went from 9,448 to 9,656 between 2021 and 2024, a 2.2% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 76.2% to 73.5%.

Community

Discussions about ZIP 04107

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 04107

About renting in ZIP 04107

Last updated: September 25, 2026

ZIP code 04107 covers Cape Elizabeth, ME. The median rent here is $3,217/mo as of September 2026. A 1-bedroom rents for a median of $2,490/mo. A 2-bedroom rents for a median of $3,200/mo.

At 26% of local median household income ($146,054/yr), ZIP 04107 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 04107?

To keep rent at or below 30% of gross income, you would need to earn at least $129,000/year (about $62/hour full-time) to afford the median rent of $3,217/mo in ZIP 04107. The local median household income is $146,054/yr, so the typical household meets that bar.