Just 3 miles from downtown Portland, Peaks Island is a 740-acre island neighborhood in Casco Bay, part of the City of Portland. It offers an uncommon mix of island serenity and city access: ocean views, ferry connections, a small local population, and a strong year-round community. Fairly secluded, walkable, and full of natural beauty, it’s ideal for someone seeking coastal living with personality and charm.
Metric Value
Population (year-round)~ 900 people, rising to 2,000-4,000 in summer months peaksisland.info+3Island Institute+3World Population Review+3
Median Household Income~$85,667 Island Institute
Median Home Value (ZIP 04108)~$488,400 UnitedStatesZipCodes+1
Median Age~ 59.7 yrs Island Institute+1
Homeownership & HousingMany homes are cottages or smaller lots, home styles include New England shingle, Cape Cod, craftsman; yards tend to be smaller; close together lots. Homes.com
Peaks Island is beloved for its coastal peace, quaint architecture, and rich history. You get beautiful water views and beaches like Sandy Beach and Cairn Beach, a strong sense of community, and a lifestyle where biking or walking is common. The island feels like a summer retreat, but many live there year-round. It’s especially appealing for those who want to escape the bustle without giving up an easy connection to Portland via a short ferry ride. Home styles are charming and varied, with lots of character.
Backshore: Waterfront homes, cottages with ocean views, more private or secluded. Homes.com+1
Island Avenue / Down Front: The more central area around the ferry landing — shops, cafés, galleries, local market. Homes.com+1
Beaches & Trails: Sandy Beach (swimming), Cairn Beach (for rocky coast exploration & views), Peak Island Land Preserve, paths for walking/biking. peaksisland.info+2Homes.com+2
Peaks Island has its own elementary school (K-5) on the island in a historic 1869 building. Island Institute+1
For grades 6-12, students travel to mainland Portland to attend middle school and high school. Island Institute+1
The island’s setting is often incorporated into learning — using the natural surroundings, marine influences, and local history to build unique educational experiences. Island Institute+1
Ride the ferry (or a water taxi) from Portland — ~ 15-17 minute trip. Casco Bay Lines
Walk, bike, or golf cart around the scenic loop (Backshore & various trails).
Visit the Fifth Maine Regiment Museum and the Umbrella Cover Museum. Island Institute+2Homes.com+2
Enjoy the public beaches: Sandy Beach (swim, low-tide exploring) and Cairn Beach (rockier, good for scenic views). peaksisland.info+1
Local cafés and shops (Island Avenue), seafood restaurants, art galleries, and seasonal community events are popular. Homes.com+1
The only way on/off (for most people) is via Casco Bay Lines ferry (~ 15-17 minutes) from Portland. Casco Bay Lines+1
Cars are allowed, but many residents use foot, bikes, or carts to get around locally. Homes.com+1
Commuting to Portland is feasible for work, though logistics vary by schedule (ferry times, seasonal changes).
Because of seasonal popularity, summers are busy; winters are quiet with fewer services open. Down East Magazine+1
If you’re looking for unique island living, scenic views, and a close-knit community with easy access to Portland, Peaks Island delivers. The David Marshall Team can help you find the right home — from cottages to waterfront views — and guide you through the island market’s unique rhythm.
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