Maine
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Maine Real Estate Market & Appreciation

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

Average Home Values

Median Home Value:
$265,865

Number Of Homes And Apartments:
569,551

Maine Home Prices

> $1,384,294
$1,038,250 - $1,384,294
$692,070 - $1,038,249
$553,745 - $692,069
$415,398 - $553,744
$276,987 - $415,397
$138,434 - $276,986
$69,222 - $138,433
$0 - $69,221
1.3%
1.3%
1.5%
1.5%
4.5%
4.5%
5.5%
5.5%
12.2%
12.2%
24.7%
24.7%
32.5%
32.5%
11.4%
11.4%
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Maine Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
3.71% 15.67%
8
Last 12 Months:
2021 Q1 - 2022 Q1
21.44% 21.44%
8
Last 2 Years:
2020 Q1 - 2022 Q1
34.59% 16.01%
9
Last 5 Years:
2017 Q1 - 2022 Q1
56.84% 9.42%
8
Last 10 Years:
2012 Q1 - 2022 Q1
74.44% 5.72%
6
Since 2000:
2000 Q1 - 2022 Q1
180.45% 4.80%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,439 / per month

Homeownership Rate

Owners
Renters
Vacant
70.9%
70.9%
29.1%
29.1%
23.7%
23.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.1%
17.1%
40.4%
40.4%
18.7%
18.7%
23.8%
23.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.3%
70.3%
2.3%
2.3%
10.3%
10.3%
8.7%
8.7%
8.3%
8.3%
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
2.9%
2.9%
11.8%
11.8%
29.5%
29.5%
38.9%
38.9%
13.4%
13.4%
3.6%
3.6%
0.0% 100.0%
% OF HOMES