ZIP 04106 - 860Z200US04106 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 04106, located in South Portland, Maine, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down the latest data on population, income, housing costs, and diversity to help you make informed decisions.

Population & Households

ZIP 04106 is home to 26,966 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 12,259 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 12,849, indicating a slight surplus of available properties relative to occupied households. This could signal potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant or underutilized properties.

Income & Housing Costs

The median household income in ZIP 04106 is $83,744, which suggests a relatively comfortable standard of living for many residents. This income level supports a housing market where the median home value is $403,500—a significant investment, but one that aligns with the earning potential of the area. For renters, the median monthly rent is $1,642, which is notable but manageable for households at or above the median income. These figures highlight ZIP 04106 as a community with a solid economic foundation, though affordability may be a concern for lower-income buyers or tenants.

Race & Ethnicity

The demographic makeup of ZIP 04106 reflects a predominantly white population at 82.59%, with smaller but significant representation from other groups. Black residents account for 6.36% of the population, while Asian individuals make up 2.81%. Hispanic or Latino residents comprise 3.33% of the community. This diversity, while not as pronounced as in larger urban centers, adds cultural depth to the area and may influence local businesses, schools, and community initiatives. For business owners and investors, understanding this mix can help tailor services or marketing strategies to resonate with the population.

Key Facts

• Total population: 26,966 residents in 2023.
• Total households: 12,259, indicating a mix of family and individual living arrangements.
• Total housing units: 12,849, with some potential availability for new occupants.
• Median household income: $83,744, supporting a stable local economy.
• Median home value: $403,500, reflecting a strong real estate market.
• Median rent: $1,642 per month, a consideration for prospective renters.
• Racial composition: 82.59% white, 6.36% Black, 2.81% Asian, 3.33% Hispanic.

What This Means for You

For homebuyers, ZIP 04106 offers a stable community with a median home value of $403,500, which may appeal to those with solid financial footing. The slight surplus of housing units (12,849 total vs. 12,259 households) suggests there could be room to negotiate or find a property that fits your needs, though the price point requires careful budgeting. Investors and real estate agents might see potential in the unoccupied units or rental market, where a median rent of $1,642 indicates demand for quality housing. The area’s median income of $83,744 supports tenant reliability for landlords. Small-business owners can leverage the diverse, albeit predominantly white, population of 26,966 to offer targeted products or services, especially in sectors like retail or dining that cater to local tastes. Finally, analysts can use this data to benchmark ZIP 04106 against neighboring areas for deeper market or demographic studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 04106? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.