Cities with the most expensive homes in Maine
Purchasing a home is among the most important investments a person will make in their lifetime. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role—and, increasingly, is a huge barrier—for buyers.
In March, the typical home value in the United States was $355,696—4.6% higher than the previous year.
High mortgage rates have also had a major impact on affordability: As of April 25, the 30-year fixed mortgage rate stands at 7.17%, three points higher than the average mortgage American households are sitting on. That disparity has kept many people in homes they might otherwise leave—to pursue another job, to downsize, or to upsize—further squeezing an already-tight market.
While home prices are up across the U.S., certain cities command significantly higher prices than others. Location, size, age, and condition are all contributing factors to home values.
Stacker compiled a list of cities with the most expensive homes in Maine using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2024. The charts in this story were created automatically using Matplotlib.
All 30 cities on the list are in the Portland-South Portland, ME metro area.
#30. Portland
- Typical home value: $552,238
- 1-year price change: +9.3%
- 5-year price change: +67.0%
- Metro area: Portland-South Portland, ME
#29. Boothbay
- Typical home value: $557,337
- 1-year price change: +7.4%
- 5-year price change: +81.8%
- Metro area: not in a metro area
#28. Pownal
- Typical home value: $558,778
- 1-year price change: +6.3%
- 5-year price change: +53.3%
- Metro area: Portland-South Portland, ME
#27. Rockport
- Typical home value: $563,394
- 1-year price change: +8.8%
- 5-year price change: +81.1%
- Metro area: not in a metro area
#26. Carrabassett Valley
- Typical home value: $563,771
- 1-year price change: +1.6%
- 5-year price change: +77.6%
- Metro area: not in a metro area
#25. Eliot
- Typical home value: $573,010
- 1-year price change: +4.3%
- 5-year price change: +56.0%
- Metro area: Portland-South Portland, ME
#24. Southwest Harbor
- Typical home value: $574,001
- 1-year price change: +2.8%
- 5-year price change: +66.2%
- Metro area: not in a metro area
#23. Westport
- Typical home value: $590,963
- 1-year price change: +5.8%
- 5-year price change: +71.2%
- Metro area: not in a metro area
#22. Kennebunk
- Typical home value: $599,599
- 1-year price change: +7.2%
- 5-year price change: +68.5%
- Metro area: Portland-South Portland, ME
#21. Long Island
- Typical home value: $601,518
- 1-year price change: +3.4%
- 5-year price change: data not available
- Metro area: Portland-South Portland, ME
#20. Kittery
- Typical home value: $626,009
- 1-year price change: +5.5%
- 5-year price change: +64.6%
- Metro area: Portland-South Portland, ME
#19. Freeport
- Typical home value: $629,036
- 1-year price change: +7.2%
- 5-year price change: +68.4%
- Metro area: Portland-South Portland, ME
#18. Bar Harbor
- Typical home value: $640,071
- 1-year price change: +7.1%
- 5-year price change: +74.3%
- Metro area: not in a metro area
#17. Chebeague Island
- Typical home value: $643,793
- 1-year price change: +5.8%
- 5-year price change: data not available
- Metro area: Portland-South Portland, ME
#16. Camden
- Typical home value: $645,392
- 1-year price change: +7.1%
- 5-year price change: +80.8%
- Metro area: not in a metro area
#15. North Yarmouth
- Typical home value: $648,045
- 1-year price change: +6.8%
- 5-year price change: +69.6%
- Metro area: Portland-South Portland, ME
#14. Georgetown
- Typical home value: $652,476
- 1-year price change: +14.3%
- 5-year price change: +65.8%
- Metro area: Portland-South Portland, ME
#13. Scarborough
- Typical home value: $667,704
- 1-year price change: +8.9%
- 5-year price change: +69.0%
- Metro area: Portland-South Portland, ME
#12. Cumberland
- Typical home value: $693,914
- 1-year price change: +7.2%
- 5-year price change: +70.0%
- Metro area: Portland-South Portland, ME
#11. Harpswell
- Typical home value: $713,485
- 1-year price change: +10.5%
- 5-year price change: +71.5%
- Metro area: Portland-South Portland, ME
#10. York
- Typical home value: $714,740
- 1-year price change: +6.6%
- 5-year price change: +65.0%
- Metro area: Portland-South Portland, ME
#9. Yarmouth
- Typical home value: $744,779
- 1-year price change: +7.2%
- 5-year price change: +70.1%
- Metro area: Portland-South Portland, ME
#8. South Bristol
- Typical home value: $792,349
- 1-year price change: +4.9%
- 5-year price change: +45.7%
- Metro area: not in a metro area
#7. Cape Elizabeth
- Typical home value: $806,180
- 1-year price change: -1.6%
- 5-year price change: +49.4%
- Metro area: Portland-South Portland, ME
#6. Falmouth
- Typical home value: $839,845
- 1-year price change: +10.5%
- 5-year price change: +74.8%
- Metro area: Portland-South Portland, ME
#5. Southport
- Typical home value: $843,907
- 1-year price change: +15.3%
- 5-year price change: data not available
- Metro area: not in a metro area
#4. Ocean Park
- Typical home value: $857,359
- 1-year price change: +8.1%
- 5-year price change: +67.2%
- Metro area: Portland-South Portland, ME
#3. Mount Desert
- Typical home value: $883,131
- 1-year price change: +7.8%
- 5-year price change: +75.3%
- Metro area: not in a metro area
#2. Ogunquit
- Typical home value: $891,800
- 1-year price change: +9.5%
- 5-year price change: +76.9%
- Metro area: Portland-South Portland, ME
#1. Kennebunkport
- Typical home value: $1,092,903
- 1-year price change: +7.2%
- 5-year price change: +73.8%
- Metro area: Portland-South Portland, ME
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
