2 Bed | 1 Bath | 1,182 Sq. Ft.
4 Bed | 2.5 Bath | 1,725 Sq. Ft.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the South Portland, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in South Portland, ME and much more. Save thousands at closing with home foreclosure listings in South Portland, ME — up to 75% off market value!
South Portland is located in Cumberland, Maine, with an estimated municipal population of 25,532 residents. All of the best foreclosed homes for sale in South Portland are located in the following zip code areas on Foreclosure.com: 04106. The estimated population per square kilometer (.62 miles) in South Portland is 816.
So, about how much do homes cost in South Portland? The most recent median value of resident-owned homes in South Portland is 258,358. An estimated 63.4 percent of households in South Portland own their homes, with an average family size of 2.91. The median household income in South Portland is 69,290, with30.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Portland, the median commute time of resident workers (in minutes) is 18.8. And last, but certainly not least, are you looking for homes to rent in South Portland? If so, the average rent price paid by renters in South Portland is 1,305, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to South Portland, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in South Portland is 41.9, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in South Portland is 43.1, with an average family size of 2.91.
The percentage of residents who report their race in South Portland is as follows:
| White | 89.8% |
| Black / African American | 4.3% |
| Asian | 1.6% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.4% |
| Other | 0.5% |
Looking for family-friendly neighborhoods in and/or near South Portland? Or maybe you are searching for 55+ active adult communities in and/or near South Portland?
The percentage of residents who report their age in South Portland is as follows:
| Under 10 | 8.2% |
| Aged 10-19 | 13.2% |
| 20s | 13.7% |
| 30s | 12.7% |
| 40s | 13.1% |
| 50s | 15.3% |
| 60s | 13.1% |
| 70s | 6.3% |
| 80+ | 4.2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in South Portland with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in South Portland.
How do you know that living in -- or moving to -- South Portland is right where you need to be? Perhaps you grew up in South Portland or already live nearby; therefore, the decision to buy a home in South Portland is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to South Portland for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in South Portland:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like South Portland.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in South Portland can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in South Portland, meanwhile, can field multiple offers from more qualified buyers.
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