Kittery, ME Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kittery, ME Housing Market Trends

With 10,070 people, 4,915 houses or apartments, and a median cost of homes of $596,347, Kittery house prices are not only among the most expensive in Maine, Kittery real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Kittery, accounting for 58.63% of the town's housing units. Other types of housing that are prevalent in Kittery include duplexes, homes converted to apartments or other small apartment buildings ( 21.18%), large apartment complexes or high rise apartments ( 9.41%), and a few row houses and other attached homes ( 6.72%).

People in Kittery primarily live in small (one, two or no bedroom) single-family detached homes. Kittery has a mixture of owner-occupied and renter-occupied housing.

The housing in Kittery was primarily built before 1939 ( 25.80%), making the housing stock in Kittery some of the oldest overall in America, although there is a range of ages of homes in Kittery. The next most important housing age is between 1940-1969 ( 24.98%), followed by between 2000 and later ( 24.90%). There's also some housing in Kittery built between 1970-1999 ( 24.33%).

Kittery Home Appreciation Rates

Appreciation rates for homes in Kittery have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 78.48%, which ranks in the top 30% nationwide. This equates to an annual average Kittery house appreciation rate of 5.96%.

Over the last year, Kittery appreciation rates have trailed the rest of the nation. In the last twelve months, Kittery's appreciation rate has been 14.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kittery were at 1.43%, which equates to an annual appreciation rate of 5.86%.

Relative to Maine, our data show that Kittery's latest annual appreciation rate is lower than 90% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$596,347

Kittery, ME HOME PRICES

> $1,333,000
$1,000,001 - $1,333,000
$666,001 - $1,000,000
$533,001 - $666,000
$400,001 - $533,000
$267,001 - $400,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
2.5%
2.5%
6.3%
6.3%
16.6%
16.6%
16.4%
16.4%
20.0%
20.0%
29.1%
29.1%
4.3%
4.3%
2.7%
2.7%
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for ME

Value Relative To Nation

Number Of Homes And Apartments:
4,915

Kittery Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
139.10% 4.00%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,992 / per month

Homeownership Rate

Owners
Renters
Vacant
62.9%
62.9%
37.1%
37.1%
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.9%
24.9%
24.3%
24.3%
25.0%
25.0%
25.8%
25.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.6%
58.6%
6.7%
6.7%
21.2%
21.2%
9.4%
9.4%
4.1%
4.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.1%
5.1%
7.5%
7.5%
37.3%
37.3%
38.0%
38.0%
10.2%
10.2%
1.9%
1.9%
0.0% 100.0%
% OF HOMES