Peaks Island, Portland, ME demographics:
population, income, and more

Total population
528
4.8% year-over-year change
Median household income
$94,318/yr
12.1% year-over-year change
Housing units
640
-5.5% year-over-year change

Peaks Island population

How many people live in Peaks Island

Peaks Island is home to 528 residents, according to the most recent Census data. Gender-wise, 48.3% of Peaks Island locals are male, and 51.7% are female.

Total population
528
4.8% year-over-year change
Gender ratio
Male
48.3%
255
Female
51.7%
273
Value Percent YoY change
Male 255 48.3% 3.7%
Female 273 51.7% 5.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Peaks Island is 62, with the population distributed as follows: about 11% are children under 15, then 4.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 11.4% of the population, while another 37.9% fall into the 45 to 64 bracket. Finally, around 35.2% are 65 or older.

Median age
61.7
Age breakdown
Under 15
11%
15 to 24
4.6%
25 to 44
11.4%
45 to 64
37.9%
Over 65
35.2%
Value Percent YoY change
Under 15 58 11% 52.6%
15 to 24 24 4.6% 71.4%
25 to 44 60 11.4% -4.8%
45 to 64 200 37.9% -7.0%
Over 65 186 35.2% 7.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Peaks Island, 95.8% of the population are US-born citizens, while 4.2% have gained naturalized citizenship. There’s also a share of 5.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
95.8%
Non-U.S.-born citizens
4.2%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 506 95.8% 8.8%
Non-U.S.-born citizens 22 4.2% -42.1%
Racial breakdown
White
94.1%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.7%
Other
0.2%
Value Percent
White 497 94.1%
Two or more races 30 5.7%
Other 1 0.2%

Households in Peaks Island

A peek inside Peaks Island households

Peaks Island has 259 households, with an average of 2 members in each. Of these, 61% are families, while the remaining 39% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
259
-5.1% year-over-year change
Average people per household
2
Non-family households
101
Family households
158
Value Percent YoY change
Non-family households 101 39% -22.9%
Family households 158 61% 11.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Peaks Island

The housing landscape of Peaks Island

Peaks Island's housing consists of 640 units, with 94.8% being detached single-family homes ideal for those wanting space.

Housing units
640
-5.5% year-over-year change
Housing types
Value Percent
1 unit, detached 606 94.8%
2 units 15 2.4%
3 or 4 units 15 2.4%
10 to 19 units 3 0.5%
Homes built since 2020
% year-over-year change

The age of buildings in Peaks Island

In Peaks Island, the median construction year is 1938. About 78.6% of homes were built before the 1940s, with another 0.6% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 502 78.6% -3.8%
Built between 1940 and 1949 4 0.6% 0.0%
Built between 1960 and 1969 25 3.9% 0.0%
Built between 1970 and 1979 26 4.1% -10.3%
Built between 1980 and 1989 19 3% -47.2%
Built between 1990 and 1999 12 1.9% -14.3%
Built between 2000 and 2009 45 7% 45.2%
Built between 2010 and 2019 6 0.9% -50.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Peaks Island occupancy rates

Out of the 259 occupied housing units in Peaks Island, 88.8% are owner-occupied, while 11.2% are lived in by tenants. Meanwhile, 59.5% of all homes on the local market sit vacant.

Occupied housing units
259
-5.1% year-over-year change
Occupancy breakdown
Renter occupied
29
Owner occupied
230
Value Percent YoY
change
Renter occupied 29 11.2% -19.4%
Owner occupied 230 88.8% -2.5%
Unoccupied housing units
59.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Peaks Island housing costs

Housing costs in Peaks Island come to a median of $1,480 per month, while tenants specifically pay a median gross rent of $1,500.

Median housing costs per month
$1,480/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Peaks Island
$1,500/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Peaks Island

Peaks Island education at a glance

About 15.1% of the population in Peaks Island went to high school, while 7.7% pursued college studies. Another 7.7% earned an associate degree and 31.3% hold a bachelor’s. Meanwhile, 38.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 69 15.1% 4.5%
College diploma 35 7.7% -16.7%
Associate degree 35 7.7% 29.6%
Bachelor's degree 143 31.3% -3.4%
Graduate degree 175 38.3% 4.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Peaks Island

How much people earn in Peaks Island

The average annual household income in Peaks Island was $124,536 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +8.2% change from the previous year. At the same time, the median income stood at $94,318, reflecting a +12.1% shift over the same period.

Average household income in Peaks Island
$124,536/year
8.2% year-over-year change
Median household income in Peaks Island
$94,318/year
12.1% year-over-year change

Peaks Island income by age

In Peaks Island, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $141,765. Those with someone between 45 and 64 in charge, often well established professionally, earn $104,063 overall. Overall, 92.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $141,765 4.3%
45 - 64 $104,063 23.3%
Over 65 $69,464 15.8%
Above poverty level
488
Below poverty level
40
Value Percent YoY
change
Above poverty level 488 92.4% 15.1%
Below poverty level 40 7.6% -49.4%

Employment in Peaks Island

Workforce and job types in Peaks Island

80.2% of the working population are employed in professional or administrative positions, while 19.8% are in hands-on or service-based jobs. Also, 20.4% run their own businesses, 43.2% are employed by private companies, and 14.5% work in the public sector.

Workforce demographics

White collar
231
Blue collar
57
Value Percent YoY change
White collar 231 80.2% 10.0%
Blue collar 57 19.8% -5.0%
Employer type
Self employees
20.4%
Private companies
43.2%
Governmental workers
14.5%
Not for profit companies
21.8%
Value Percent YoY change
Self employees 59 20.4% -18.1%
Private companies 125 43.2% 11.6%
Governmental workers 42 14.5% 31.2%
Not for profit companies 63 21.8% 16.7%

Transportation in Peaks Island

How people get around in Peaks Island

Commuting methods vary: 53% of residents travel by personal vehicle and 17.7% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 105 53% -1.9%
Bus or trolleybus 3 1.5% -25.0%
Ferryboat 49 24.8% 32.4%
Bicycle 6 3% N/A
Walk 35 17.7% 40.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Peaks Island by zipcode?

Zipcode Population Number of households Median income Average income
04108 826 406 $94,318 $125,276

Explore more communities

FAQs about Peaks Island demographics 

What is the total population of Peaks Island?

Peaks Island has a total population of 528 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +4.8% compared to a year ago.

What is the gender ratio in Peaks Island?

The gender ratio in Peaks Island is as follows:
  • 48.3% males (255 residents)
  • 51.7% females (273 residents)

What is the median age in Peaks Island?

The median age in Peaks Island is 61.7.

What is the age distribution of the population in Peaks Island?

The age distribution in Peaks Island is as follows:
  • Under 15: 11% (58 residents)
  • Ages 15-24: 4.6% (24 residents)
  • Ages 25-44: 11.4% (60 residents)
  • Ages 45-64: 37.9% (200 residents)
  • Over 65: 35.2% (186 residents)

What is the racial and ethnic makeup of Peaks Island?

The racial and ethnic makeup of Peaks Island is as follows:
  • White: 94.1% (497 residents)
  • Black or African American: 0% ( residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0% ( residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 5.7% (30 residents)
  • Other: 0.2% (1 residents)

What percentage of the population in Peaks Island are U.S.-born citizens?

U.S.-born citizens represent 95.8% of the population in Peaks Island.

How many housing units are there in Peaks Island?

There are 640 housing units in Peaks Island, reflecting a -5.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Peaks Island and what is the average household size?

Peaks Island has a total of 259 households, with an average of 2 people in each.

What is the median household income in Peaks Island?

Peaks Island has a median household income of $94,318, representing a +12.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Peaks Island?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 80.2% (231 residents)
  • Blue-collar workers: 19.8% (57 residents)

Places of employment:
  • Self-employed: 20.4% (59 residents)
  • Private companies: 43.2% (125 residents)
  • Governmental workers: 14.5% (42 residents)
  • Not-for-profit companies: 21.8% (63 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025