Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown area can be challenging. Home prices in Downtown are now at a median cost of $446,002, higher than the Portland average of $348,386.
The average cost of rent is $1,167/mo in Downtown, primarily driven by the current value of real estate in the Downtown area. While nearly 48.08% of residents own their homes outright in Downtown, 82.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown is $3,968 per month. Households that rent pay about 29.41% of their income on rent here. Downtown's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Parkside, Portland, ME: equally priced homes
- West End, Portland, ME: higher priced homes
- East End, Portland, ME: higher priced homes
- Oakdale, Portland, ME: less expensive homes
- Rosemont, Portland, ME: less expensive homes
- Ocean Avenue, Portland, ME: less expensive homes
- Stanwood Park, South Portland, ME: less expensive homes
- East Deering, Portland, ME: less expensive homes
- Deering, Portland, ME: equally priced homes
- Broadview Park, South Portland, ME: less expensive homes
Neighborhoods with Similar Populations
- Presidents Park, Parlin, NJ: less expensive homes
- Forest Park, Pine Hills, FL: less expensive homes
- Fondren Gardens, Houston, TX: less expensive homes
- Fossil Park, St. Petersburg, FL: less expensive homes
- West Atherton, Atherton, CA: higher priced homes
- Santiam, Albany, OR: less expensive homes
- Western Hills, San Mateo, CA: higher priced homes
- Westside, Syracuse, NY: less expensive homes
- Westview Park, Woodlawn, MD: less expensive homes
- White Gables, Summerville, SC: less expensive homes
All Local Stats
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