Lewiston, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lewiston Neighborhoods Since 2000




Lewiston, ME Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lewiston Housing Market Information

With 36,202 people, 15,784 houses or apartments, and a median cost of homes of $142,389, Lewiston real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lewiston, accounting for 44.91% of the city's housing units. Other types of housing that are prevalent in Lewiston include large apartment complexes or high rise apartments ( 26.30%), duplexes, homes converted to apartments or other small apartment buildings ( 23.93%), and a few mobile homes or trailers ( 3.62%).

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

The housing in Lewiston was primarily built before 1939 ( 38.03%), making the housing stock in Lewiston some of the oldest overall in America, although there is a range of ages of homes in Lewiston. The next most important housing age is between 1940-1969 ( 31.98%), followed by between 1970-1999 ( 24.42%). There's also some housing in Lewiston built between 2000 and later ( 5.57%).

Lewiston Home Appreciation Rates

Lewiston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lewiston during the period has been just -1.76%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lewiston's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Lewiston's appreciation rate has been -0.05%, which annualizes to a rate of -0.19%.

Relative to Maine, our data show that Lewiston's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lewiston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lewiston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lewiston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$142,389

Lewiston, ME HOME PRICES

Value Range
> $1,032,000 0.1
$774,001 - $1,032,000 0.2
$516,001 - $774,000 0.1
$413,001 - $516,000 1.2
$310,001 - $413,000 2.6
$207,001 - $310,000 11.1
$103,001 - $207,000 58.4
$52,001 - $103,000 18.0
$0 - $52,000 8.2

Low for ME
Average for Nation

Value Relative to Nation Value Relative to State
53.6388140161725 64.7540983606557

Number Of Homes And Apartments:
15,784

Lewiston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.16% 1.76% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$909 / per month

Homeownership Rate

Homeownership
Owners 45.29
Renters 54.71
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Lewiston HOMES
2000 or Newer 5.6
1970 - 1999 24.4
1940 - 1969 32.0
1939 or Older 38.0

Types of Homes

TYPE OF Lewiston HOMES
Single-Family 44.9
Townhomes 1.2
Small Apt. Buildings 23.9
Apt. Complexes 26.3
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Lewiston HOMES
No Bedroom 3.64
1 Bedroom 15.75
2 Bedrooms 30.91
3 Bedrooms 36.58
4 Bedrooms 9.89
5 or more bedrooms 3.24