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Preforeclosure Homes in South Portland, ME

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Broadway-South-portland-ME-04106
Preforeclosure
$409,530 EMV

Broadway
South Portland, ME 04106

2 Bed | 2 Bath | 1,512 Sq. Ft.

Pennsylvania-ave-South-portland-ME-04106
Preforeclosure
$326,060 EMV

Pennsylvania Ave
South Portland, ME 04106

3 Bed | 2 Bath | 1,480 Sq. Ft.

Ledgefield-cir-South-portland-ME-04106
Preforeclosure
$371,561 EMV

Ledgefield Cir
South Portland, ME 04106

3 Bed | 3 Bath | 1,834 Sq. Ft.

Brigham-st-South-portland-ME-04106
Preforeclosure
$180,200 EMV

Brigham St
South Portland, ME 04106

3 Bed | 1 Bath | 864 Sq. Ft.

Lemont-ave-South-portland-ME-04106
Preforeclosure
$296,459 EMV

Lemont Ave
South Portland, ME 04106

3 Bed | 1 Bath | 1,352 Sq. Ft.

Chestnut-st-South-portland-ME-04106
Preforeclosure
$186,575 EMV

Chestnut St
South Portland, ME 04106

3 Bed | 1 Bath | 744 Sq. Ft.

Scott-rd-South-portland-ME-04106
Preforeclosure
$243,185 EMV

Scott Rd
South Portland, ME 04106

3 Bed | 1 Bath | 1,104 Sq. Ft.

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Home Value Estimator For South Portland, ME

There are currently 8,679 real estate properties in South Portland, ME, with a median automated valuation model (AVM) price of $379,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Portland, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in South Portland, ME, is $399,542.00, with the most expensive house in South Portland, ME, topping out at $3,039,200.00 and the cheapest home in South Portland, ME, clocking in at $109,000.00. In other words, there’s something for every potential homebuyer or savvy investor in South Portland, ME!


Rent Prices In South Portland, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Portland, ME, is on a rollercoaster ride. The average rent price in South Portland, ME, is $1,540.00. Indeed, when looking to rent in South Portland, ME, you can expect to pay as little as $780.00 or as much as $3,160.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in South Portland, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in South Portland, ME

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!


Top Reasons To Live In South Portland, ME In 2021

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.


Cost Of Living In South Portland, ME

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.


Diversity And Demographics In South Portland, Maine

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%

Best Schools In South Portland, Maine

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.


Pros And Cons Of Living In South Portland, Maine

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:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

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.


Reasons To Move To South Portland, Maine, In 2021

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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Listing types in South Portland, ME

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