5 min read
Portable Tenant Screening Report: A Comprehensive Guide
Discover the benefits and considerations of Portable Tenant Screening Reports (PTSRs), which offer a cost-effective, reusable screening option for tenants and require...
The top rental markets in Maine are Portland and Millinocket.
The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.
Maine is the northernmost state in New England with beautiful landscapes and great communities. Property investors won’t be disappointed in the strong numbers from cities in Maine. Here are some highlights from the top rental markets in the Pine Tree State.
The city with the lowest days on market is Millinocket at 13 – under the national average which sits at 15 days; Portland has the highest number of days on market at 15.
The top two towns for the largest amount of leads per listing are above or around the national average sitting at 38. Here they are:
With the national average rent at $1,207 for a two-bedroom, Millinocket comes below that with the lowest average rent of $730 for a two-bedroom compared to the highest rent in Maine at $1,700 in Portland.
According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,000. Maine’s highest median sale price comes above that at $314,000 in Portland with its lowest median sale price at $65,000 in Millinocket.
Maine’s median income rings in at $45,300 – above the national average at $48,500.
Security deposits have decreased in Maine’s cities between 2018 and 2019. With the largest being a decrease of -12.50% in Millinocket at $700, and the smallest decrease at -10.53% in Portland with the current average at around $1,700 – above the national average for security deposits which is $1,200.
All of Maine’s cities have a livability score of 66 or higher with the highest being Millinocket at 67!
Please visit here for our full methodology.
Whether you’ve found the best Maine investment property in these top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.
Use our handy map tool to explore top rental markets throughout the US.
Subscribe to get tips, news, and hacks for even the most seasoned landlords.
5 min read
Discover the benefits and considerations of Portable Tenant Screening Reports (PTSRs), which offer a cost-effective, reusable screening option for tenants and require...
5 min read
Do you know who’s moving in? Without a thorough tenant screening report, you leave yourself open to financial harm. But when you...
9 min read
TurboTenant leads as the best landlord app of 2024, offering a suite of essential property management tools—from tenant screening to rent collection—designed...
Join the 600,000+ independent landlords who rely on TurboTenant to create welcoming rental experiences.
No tricks or trials to worry about. So what’s the harm? Try it today!