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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 35,944, 15,779 total housing units (homes and apartments), and a median house value of $167,005, 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 44.73% of the city's housing units. Other types of housing that are prevalent in Lewiston include large apartment complexes or high rise apartments ( 27.30%), duplexes, homes converted to apartments or other small apartment buildings ( 23.85%), and a few mobile homes or trailers ( 3.16%).
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 ( 37.47%), 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 ( 32.42%), followed by between 1970-1999 ( 25.25%). There's also some housing in Lewiston built between 2000 and later ( 4.86%).
Real estate appreciation rates in Lewiston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.05% during the period.
Appreciation rates are so strong in Lewiston that despite a nationwide downturn in the housing market, Lewiston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewiston appreciation rates continue to be some of the highest in America, at 11.92%, which is higher than appreciation rates in 97.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewiston. Lewiston appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.
Importantly, NeighborhoodScout’s exclusive research found that Lewiston's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Maine, our data show that Lewiston's latest annual appreciation rate is higher than 90% 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.
|$940,001 - $1,253,000||0.2|
|$626,001 - $940,000||0.3|
|$501,001 - $626,000||0.8|
|$376,001 - $501,000||2.5|
|$251,001 - $376,000||8.3|
|$125,001 - $251,000||58.3|
|$63,001 - $125,000||21.8|
|$0 - $63,000||7.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Lewiston HOMES|
|2000 or Newer||4.9|
|1970 - 1999||25.3|
|1940 - 1969||32.4|
|1939 or Older||37.5|
|TYPE OF Lewiston HOMES|
|Small Apt. Buildings||23.9|
|SIZE OF Lewiston HOMES|
|5 or more bedrooms||3.63|