Maine Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Southern Maine (Portland, Scarborough, Cape Elizabeth) remains the state's most competitive market, with limited inventory and strong demand from both local buyers and remote-work relocators. Portland has established itself as a nationally recognized food and arts destination, supporting premium real estate values. Mid-coast communities (Camden, Rockland, Belfast) have seen dramatic appreciation as lifestyle buyers discover their charm. Northern and interior Maine remains affordable but faces population decline and economic challenges, offering opportunities for buyers willing to trade convenience for value.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Maine?

The Maine housing market is showing balanced conditions.

home values have grown a moderate 0.4% year-over-year. there are currently 396 homes on the market.

Median Home Value

$396,938

Zillow Home Value Index

Year-over-Year

+0.4%

Home value change

5-Year Change

+41.6%

Since 2021

Median Rent

$1,517/mo

Zillow Observed Rent Index

Active Listings

396

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Maine vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Maine: $1,517/mo (+4.6% YoY)

Rent vs. Buy Analysis

With a median home value of $396,938 and average rent of $1,517/mo, the price-to-rent ratio in Maine is 21.8. A ratio above 21 suggests renting may be more cost-effective.

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