Located in the state of Maine, South Portland is a medium-sized city with a population of 25,397 people. According to the most recent Census, 93% of South Portland residents are White, 3% Asian and 1% Black. If you are not a fan of long commutes, you will enjoy living in South Portland. With average one way commute time of only 19 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in South Portland could be a positive experience compared to other cities in Maine if you know where to look. With useful information like amenities, cost of living, weather, education, employment and other key data points, finding the best places to live in South Portland and in the areas around South Portland is a much easier task.
South Portland has a livability score of 69/100 and is ranked #23 in Maine and #11,596 in the USA. If we dig down a little deeper into each category within the livability score, we see that South Portland has higher than average grades for the following: amenities (A+) and crime (B+). There is at least one category that does not have great scores in South Portland. The following was graded with a less than perfect score: cost of living (F), weather (F) and education (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in South Portland, there is no shortage of amazing local amenities and interesting things to do.
South Portland real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in South Portland. Median real estate prices in South Portland come in at $229,400, which is 30.3% higher than the Maine average. The home price to income ratio compares the median home prices to the median household income. In South Portland, the home price to income ratio is 4.1, which is 17.1% higher than the Maine average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the South Portland area were 10.5% and 5 year appreciation rates were 6.9%.
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