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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$217,880

Number Of Homes And Apartments:
559,921

Maine Home Prices

> $1,204,328
1.1%
1.1%
$903,075 - $1,204,328
1.1%
1.1%
$601,975 - $903,074
3.9%
3.9%
$481,719 - $601,974
4.9%
4.9%
$361,023 - $481,718
10.9%
10.9%
$240,759 - $361,022
24.0%
24.0%
$120,438 - $240,758
34.6%
34.6%
$60,197 - $120,437
12.8%
12.8%
$0 - $60,196
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Maine Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
3.42% 14.39%
10
Last 12 Months:
2019 Q4 - 2020 Q4
8.12% 8.12%
10
Last 2 Years:
2018 Q4 - 2020 Q4
14.79% 7.14%
10
Last 5 Years:
2015 Q4 - 2020 Q4
32.63% 5.81%
7
Last 10 Years:
2010 Q4 - 2020 Q4
35.61% 3.09%
5
Since 2000:
2000 Q1 - 2020 Q4
124.57% 3.98%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,218 / per month

Homeownership Rate

Owners
70.3%
70.3%
Renters
29.7%
29.7%
Vacant
24.6%
24.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
16.7%
16.7%
1970 - 1999
40.3%
40.3%
1940 - 1969
18.8%
18.8%
1939 or Older
24.1%
24.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.4%
70.4%
Townhomes
2.3%
2.3%
Small Apt. Buildings
10.4%
10.4%
Apt. Complexes
8.7%
8.7%
Mobile Homes
8.3%
8.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
11.8%
11.8%
2 Bedrooms
29.9%
29.9%
3 Bedrooms
38.5%
38.5%
4 Bedrooms
13.4%
13.4%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES