Home Values

Maine Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Maine is $138. The median price of homes currently listed in Maine is $199,000 while the median price of homes that sold is $227,579. The median rent price in Maine is $1,095.

Foreclosures will be a factor impacting home values in the next several years. In Maine 0.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Maine is 8.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Maine homeowners underwater on their mortgage is 12.6%.

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Relative ZHVI
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Maine Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $199,000 Median listing price
  • No recent data Median sale price
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Maine Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 12.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Sep 30, 2014) Maine
4.5 homes United States
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Nearby States

Name Median ZHVI
Massachusetts $325,900
New Jersey $286,800
New York $254,100
Name Median ZHVI
Connecticut $239,700
Rhode Island $222,100
Vermont $220,600
Name Median ZHVI
New Hampshire $216,900
Delaware $206,000
Pennsylvania $151,900

Listings & Sales

Data through Oct 31, 2014
  • $138 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 39.1% Listings with price cut
11.7%
Sold below listing
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Maine Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,066 Maine
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,095 Rent list price
  • $1.09 Rent list price / sq ft
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