Restrictions
Portland operates one of the strictest STR ordinances in New England. Non-owner-occupied STRs are capped at 400 units citywide on the mainland (cap reached in 2019 and waitlisted). Island properties (Peaks, Cliff, Great Diamond, Little Diamond, House) have a separate, smaller cap. Each operator is limited to ONE STR registration (1-per-host rule, owner-occupied OR non-owner-occupied). Owner-occupied STRs in the host's primary residence are uncapped and available citywide. The mainland cap is the binding bottleneck for new investor inventory — secondary-market license transfers are the only practical entry point.