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ZIP Code · ME

ZIP 04107

Pop. 9,656·Cumberland County·2nd most expensive ZIP in Maine
Median rent (all units)
$2,908/mo
Year-over-Year
Stable
Month-over-Month
+6.8%
vs US Median
+$943
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 04107 · $2,908
More expensive than 88% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$34,896/yr
At $2,908/mo median
Location
StateME
CountyCumberland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +6.8% 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

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Local insights

Tips for renters in ZIP 04107

About renting in ZIP 04107

Last updated: July 20, 2026

ZIP code 04107 covers Cape Elizabeth, ME. The median rent here is $2,908/mo as of July 2026. A 1-bedroom rents for a median of $2,490/mo. A 2-bedroom rents for a median of $3,200/mo.

At 24% 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 is rent in ZIP code 04107?

As of July 20, 2026, the median monthly rent in ZIP 04107 (Cape Elizabeth, ME) is $2,908. This is based on aggregated data from public sources and community submissions.

How does ZIP 04107 rent compare to the US average?

ZIP 04107's median rent of $2,908/mo is $943 (48%) above the US national median of $1,965/mo.

How does ZIP 04107 compare to other ZIPs in Maine?

ZIP 04107 is one of the pricier ZIP codes in Maine, ranking #2 out of 26 ZIPs tracked at $2,908/mo.

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 $116,000/year (~$56/hour full-time) to afford the median rent of $2,908/mo in ZIP 04107. The local median household income is $146,054/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 04107?

Rent in ZIP 04107 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 04107 an affordable place to rent?

ZIP 04107 is considered very affordable for renters. At $2,908/mo, rent takes approximately 24% of the local median household income ($146,054/yr). The standard benchmark is 30%. ZIP 04107 falls comfortably within that range.

What percentage of ZIP 04107 residents rent vs. own?

According to Census data, approximately 11.9% of ZIP 04107 households are renters, while 88.1% are owner-occupied. ZIP 04107 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 04107 compare to the rest of Cape Elizabeth?

ZIP 04107 sits right at the Cape Elizabeth citywide median of $2,908/mo.

When was rent data for ZIP 04107 last updated?

Rent data for ZIP 04107 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,908/mo, rent takes ~24% of ZIP 04107's median household income ($146,054/yr). The standard benchmark is 30%.

ZIP 04107 24%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

Public schools near ZIP 04107 (Cape Elizabeth, ME)

Recent submissions

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