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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Saco, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Saco, ME Housing Market Trends

With a population of 20,872, 8,872 total housing units (homes and apartments), and a median house value of $477,764, Saco real estate is some of the most expensive in Maine, although Saco home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Saco, accounting for 57.42% of the city's housing units. Other types of housing that are prevalent in Saco include duplexes, homes converted to apartments or other small apartment buildings ( 16.82%), large apartment complexes or high rise apartments ( 16.44%), and a few row houses and other attached homes ( 5.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saco. Owner-occupied housing accounts for 67.39% of Saco's homes, and 53.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Saco built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Saco built between 2000 and later ( 23.67%). A lesser amount of the housing stock also hails from before 1939 ( 20.69%). There's also some housing in Saco built between 1940-1969 ( 16.80%).

Saco Home Appreciation Rates

Appreciation rates for homes in Saco have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.44%, which ranks in the top 30% nationwide. This equates to an annual average Saco house appreciation rate of 7.31%.

Appreciation rates are so strong in Saco that despite a nationwide downturn in the housing market, Saco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saco appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saco. Saco appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.

Importantly, this makes Saco one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Maine, our data show that Saco's latest annual appreciation rate is higher than 80% 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 Saco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saco - 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 Saco real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$477,764

Saco, ME Home Prices
> $1,402,000
$1,052,001 - $1,402,000
$701,001 - $1,052,000
$561,001 - $701,000
$421,001 - $561,000
$280,001 - $421,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
0.5%
0.5%
3.2%
3.2%
9.4%
9.4%
15.5%
15.5%
33.6%
33.6%
23.5%
23.5%
7.3%
7.3%
2.4%
2.4%
4.7%
4.7%
0% 100.0%
% of Homes
Very High

for Maine

Very High

for nation

Number of Homes And Apartments:

8,872

Saco Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,218 / per month

Homeownership Rate

Owners
Renters
67.4%
67.4%
32.6%
32.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.7%
23.7%
38.8%
38.8%
16.8%
16.8%
20.7%
20.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.4%
57.4%
5.7%
5.7%
16.8%
16.8%
16.4%
16.4%
3.6%
3.6%
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
2.0%
2.0%
10.9%
10.9%
28.9%
28.9%
41.5%
41.5%
11.7%
11.7%
5.2%
5.2%
0% 100.0%
% of Homes