Portland, ME

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

789 / 1774

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$43,625

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$566,265

Median Home Sale Price

Top Earners

$91,234

Top-Earners Revenue

Portland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Portland.

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C

Challenging to Investors

Portland Regulations

Portland permits short-term rentals but has a hard cap of ~285 non‑owner‑occupied units (about 1.5% of housing) with no new permits issued until the cap drops, plus high fee tiers, mandatory inspections, occupancy limits, in‑person registration, and ongoing compliance/renewal burdens—creating substantial investor risk and friction.

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About Portland

Portland, Maine sits on a peninsula jutting into Casco Bay in Cumberland County, and with a population of roughly 68,000 it is the largest city in the state by a comfortable margin. It carries the feel of a working seaport that has reinvented itself as a culinary and cultural hub, with a compact historic core, fishing boats in the harbor, and a strong sense of place rooted in New England maritime tradition. The city is best known for its Old Port district, its lighthouse-dotted coastline, and its lobster-and-brewery scene, and it serves as a natural gateway to the rest of Maine's coast and to the state's outdoor playgrounds. It lies about 110 miles northeast of Boston, roughly a two-hour drive along Interstate 95.

The Old Port is the heart of downtown Portland, a few blocks of brick warehouses, cobblestone streets, and converted mercantile buildings that now hold boutiques, galleries, restaurants, and pubs. It sits immediately along the working waterfront, where lobster boats unload at the wharves and ferry terminals connect to the bay's islands. Visitors can easily walk the length of the district in an afternoon, and most downtown short-term rentals put it within a few minutes on foot.

A short drive southeast of the city, in the town of Cape Elizabeth, Portland Head Light anchors Fort Williams Park on the rocky headland of Casco Bay. Completed in 1791 and still active today, it is one of the oldest and most photographed lighthouses in the United States, and the surrounding park offers cliff-top walking paths, picnic areas, and views of the open Atlantic. From downtown Portland the park is about a 15-minute drive, making it an easy morning or sunset outing for guests.

Just across the water, the islands of Casco Bay are reached by ferry from the downtown waterfront, with Peaks Island the closest and most popular at roughly a 15-minute crossing. Peaks is small enough to circle by bike or on foot, with a handful of inns, a quiet downtown, and rocky shores that feel a world away from the city. The same ferry terminal serves other islands further out, including Little Diamond and Great Diamond, giving guests a chance to add a half-day or full-day coastal excursion to a Portland stay.

Farther afield, Acadia National Park lies about 175 miles to the northeast, a three-hour drive that many Portland-based travelers use as a launching point for a longer Maine itinerary. Closer to the city, the town of Freeport is roughly 20 minutes north and is home to the original L.L. Bean flagship store, drawing day-trippers year-round. Together these nearby draws give Portland a strong base for guests who want a city stay with easy access to lighthouses, islands, harborfront dining, and the wider Maine coast.

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