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Sarah Mitchell
Compass Real Estate · Maine
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Maine housing market
Maine housing market summary
The typical home in Maine is worth $415,552, up 1.6% over the past year. Homes that actually closed went for a median of $439,200 after 45 days on market. On supply, pricing discipline, and speed of sale, Maine currently reads as a balanced market at 3.8 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $2,218 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Maine housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$415,552
+1.6% YoY · Zillow, August 2026
Median sale price
$439,200
Redfin, through May 2026
Typical asking rent
$2,000/mo
Median of 24 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$2,218
20.0% down, 30-yr fixed
Days on market
45
+1 days YoY
Active listings
5,543
-7.2% YoY
Median household income
$71,773
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Maine home prices are heading
Maine's typical home value is $415,552, up 1.6% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Maine runs 12.7% above the U.S. typical home value of $368,697, and its 12-month move of +1.6% is outpacing the national pace of +1.2%.
What would have to change for Maine prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Maine is carrying 3.8 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -7.2% year over year and new listings +0.7%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Maine at today's rate
Down payment
$83,110
20.0% of value
Loan amount
$332,441
30-yr fixed
Monthly P&I
$2,218
at 7.03%
Income needed
$95,057
28.0% front-end ratio
A buyer purchasing the typical Maine home at $415,552 puts $83,110 down, finances $332,441, and pays $2,218 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $95,057. Maine's median household earns $71,773 (Census ACS 2023) — a gap of $23,284 above what the median household brings in. Put differently, the median household would spend 37.1% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Maine is 5.8x. Anything above 5x means prices have run well ahead of local earnings; buyers are relying on dual incomes, prior equity, or outside capital rather than local wages. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Maine in the next 12 months?
Tell us your timeline. We send the Maine market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Maine?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 24 largest Maine cities that carry it: $2,000 a month. Set against a typical home value of $415,552, that is a price-to-rent ratio of 17.3x.
Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $218 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Maine households — every unit type, not just what is currently listed — at $1,084 a month (2023), with 74.0% of Maine households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Maine
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 5,543 | 5,973 | -7.2% |
| New listings | 2,692 | 2,673 | +0.7% |
| Homes sold | 1,442 | 1,541 | -6.4% |
| Months of supply | 3.8 | 3.9 | -0.1 |
| Sale-to-list ratio | 98.6% | 99.5% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Maine home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
Falling
- 1.Patten-8.4%
- 2.Gardiner-3.4%
- 3.Mechanic Falls-2.3%
- 4.Portland-1.5%
- 5.Clinton-1.1%
- 6.Millinocket-1.0%
- 7.Livermore Falls-0.8%
- 8.Bath-0.7%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 80 largest Maine cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Maine
Typical home value across the 80 largest cities · Zillow, August 2026
Most expensive
- 1.Kennebunkport$1.10M
- 2.Falmouth$897,260
- 3.Yarmouth$768,374
- 4.Kittery$694,412
- 5.Freeport$688,763
- 6.Kennebunk$620,522
- 7.Portland$559,175
- 8.Gorham$545,646
- 9.South Berwick$528,031
- 10.Gray$524,845
Most affordable
- 1.Patten$157,025
- 2.Millinocket$157,934
- 3.East Millinocket$174,634
- 4.Howland$189,813
- 5.Corinna$190,198
- 6.Dexter$209,796
- 7.Livermore Falls$216,276
- 8.Milford$226,187
- 9.Lincoln$229,669
- 10.Waterville$253,736
The spread between Kennebunkport and Patten is 7.0x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Little Falls was the quickest of these markets to clear at 2 days on market (Redfin, through May 2026).
How Maine compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Maine | $415,552 | +1.6% | $71,773 | 5.8x |
| United States | $368,697 | +1.2% | — | — |
| New Hampshire | $516,306 | +2.9% | $95,628 | 5.4x |
| Massachusetts | $661,896 | +2.3% | $101,341 | 6.5x |
| Vermont | $399,053 | +1.0% | $78,024 | 5.1x |
The three states above are Maine's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Vermont carries a lower typical home value than Maine, which is what makes it the usual destination for equity-funded moves out of Maine.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Maine housing markets by city
86 cities tracked — the 60 largest by population shown
Portland
$559,175
Lewiston
$298,174
Bangor
$288,461
South Portland
$522,512
Auburn
$326,716
Biddeford
$511,133
Sanford
$375,492
Saco
$524,610
Westbrook
$458,320
Augusta
$282,091
Brunswick
$496,790
Waterville
$253,736
Orono
$313,830
Brewer
$306,030
Old Orchard Beach
$507,767
Bath
$378,676
Old Town
$256,347
Gorham
$545,646
Topsham
$471,627
Yarmouth
$768,374
Gardiner
$289,603
Kennebunk
$620,522
Winslow
$297,406
North Windham
Pop. 6K
Oak Hill
Pop. 5K
Kittery
$694,412
Hampden
$357,008
Lisbon Falls
$330,218
Millinocket
$157,934
South Eliot
Pop. 4K
York Harbor
Pop. 4K
South Berwick
$528,031
Lake Arrowhead
Pop. 3K
Cumberland Center
Pop. 3K
Oakland
$337,873
Winthrop
$345,273
Cape Neddick
Pop. 3K
Lincoln
$229,669
Hallowell
$382,608
Milford
$226,187
Mechanic Falls
$297,496
Farmingdale
$328,261
Falmouth Foreside
Pop. 2K
Berwick
$477,772
Richmond
$337,159
Dunstan
Pop. 2K
Veazie
$351,226
Dexter
$209,796
North Berwick
$493,618
Steep Falls
Pop. 2K
Bridgton
$410,547
East Millinocket
$174,634
Freeport
$688,763
Randolph
$285,826
Newport
$267,024
Kennebunkport
$1.10M
Falmouth
$897,260
West Kennebunk
Pop. 1K
Livermore Falls
$216,276
Howland
$189,813
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What to do next in Maine
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Maine home is $2,218/mo in P&I today.
- Pick the city, not the state. Values across Maine run from $157,025 in Patten to $1.10M in Kennebunkport.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Maine markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 3.8 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 45 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are +0.7% year over year — less competition than a year ago.
Maine housing market questions
What is the typical home value in Maine?
The typical home value in Maine is $415,552 (Zillow, August 2026). That is a +1.6% change over the past 12 months. The median price of homes that actually sold was $439,200 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Maine home prices going up or down?
Maine home values are up 1.6% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Maine?
At the current 30-year fixed rate of 7.03%, a $415,552 home with 20.0% down carries roughly $2,218 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $95,057 before taxes, insurance, HOA dues, or mortgage insurance are added. Maine's median household income is $71,773 (Census ACS, 2023), a gap of $23,284 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Maine?
Typical asking rent across the largest Maine cities Zillow publishes rent data for is $2,000 a month (median of 24 cities, Zillow, August 2026). Against a typical home value of $415,552, that is a price-to-rent ratio of 17.3x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $218 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Maine cities are the most affordable?
Among the largest cities we track in Maine, the lowest typical home values are in Patten ($157,025), Millinocket ($157,934), East Millinocket ($174,634), Howland ($189,813), Corinna ($190,198). Values are Zillow's typical-home-value index for August 2026.
Which Maine cities are the most expensive?
The highest typical home values among the largest Maine cities are in Kennebunkport ($1.10M), Falmouth ($897,260), Yarmouth ($768,374), Kittery ($694,412), Freeport ($688,763). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Maine cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Maine cities we track were in Alfred (+11.7%), Corinna (+8.3%), Casco (+7.6%), Bradley (+7.3%), Lincoln (+6.7%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Maine?
Homes in Maine spent a median of 45 days on market in the last month Redfin published (Redfin, through May 2026). That is 1 days slower than the same month a year earlier. The quickest market among the state's largest cities was Little Falls at 2 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Maine compare to neighboring states?
Maine's typical home value of $415,552 compares with New Hampshire at $516,306, Massachusetts at $661,896, Vermont at $399,053. The U.S. typical home value is $368,697, putting Maine 12.7% above the national figure. Vermont is cheaper on a typical-value basis.
Is now a good time to buy in Maine?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 3.8 months of supply statewide (Redfin, through May 2026), active listings -7.2% year over year, and home values +1.6% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Neighboring state markets
- New Hampshire housing market — $516,306 typical value
- Massachusetts housing market — $661,896 typical value
- Vermont housing market — $399,053 typical value
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