South Portland, ME

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the South Portland short-term rental market based on reliable data.

Listings

81 / 214

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$37,023

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$501,480

Median Home Sale Price

Top Earners

$66,844

Top-Earners Revenue

South Portland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in South Portland.

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B

Generally Investor friendly

South Portland Regulations

STRs are allowed citywide in residential zones with clear annual registration, a single fire inspection and modest fees ($200/$400 annual, $100 one-time), with no caps and a straightforward process, indicating manageable compliance and an investor-friendly environment.

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About South Portland

South Portland is a city in Cumberland County, Maine, United States, and is the fourth-most populous city in the state, incorporated in 1898. At the 2020 census, the city population was 26,498. Known for its working waterfront, South Portland is situated on Portland Harbor and overlooks the skyline of Portland and the islands of Casco Bay. Due to South Portland's close proximity to air, marine, rail, and highway transportation options, the city has become a center for retail and industry in the region. The Maine Mall, the largest shopping mall in the state, is located in South Portland. Despite the name, South Portland was never part of the city of Portland, but rather part of Cape Elizabeth, separating in 1895. However, both Cape Elizabeth and Portland were once part of Falmouth. Cape Elizabeth, then including what later became South Portland, broke away from Falmouth in 1765. South Portland is a principal city of the Portland–South Portland–Biddeford metropolitan area.

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