Metropolitan areas with the priciest residences in Maine
Acquiring a residence is one of the most significant financial commitments one can make. Beyond merely providing shelter, owning a home is an investment that can substantially appreciate in worth. However, with property costs soaring to unprecedented levels, affordability is a crucial consideration for purchasers.
The average property value within the United States was $360,385 in October, which is 2.4% greater than the previous year.
Elevated mortgage rates are further increasing monthly expenses; as of November 14, the 30-year fixed mortgage interest rate is currently at 6.78%.
Despite home prices escalating throughout the U.S., certain cities demand a steeper price than others. Factors such as location, size, age, and state of the property impact its value significantly.
Stacker has assembled a compilation of cities featuring the priciest homes in Maine, leveraging data from Zillow. The rankings are based on the Zillow Home Values Index for all homes as of October 2024. The graphs in this article were generated using Matplotlib.
All 30 cities listed are situated in the Portland-South Portland, ME metro region.
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#30. Bristol
– Average home value: $559,713
– Yearly price change: +5.4%
– 5-year price change: +63.1%
– Metro area: not situated in a metro area
#29. Boothbay
– Average home value: $572,451
– Yearly price change: +3.5%
– 5-year price change: +75.9%
– Metro area: not situated in a metro area
#28. Pownal
– Average home value: $574,181
– Yearly price change: +3.2%
– 5-year price change: +54.3%
– Metro area: Portland-South Portland, ME
#27. Rockport
– Average home value: $576,321
– Yearly price change: +7.5%
– 5-year price change: +87.3%
– Metro area: not situated in a metro area
#26. Eliot
– Average home value: $577,275
– Yearly price change: +1.1%
– 5-year price change: +56.1%
– Metro area: Portland-South Portland, ME
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#25. Carrabassett Valley
– Average home value: $590,484
– Yearly price change: +5.5%
– 5-year price change: +76.5%
– Metro area: not situated in a metro area
#24. Kennebunk
– Average home value: $596,583
– Yearly price change: +3.3%
– 5-year price change: +70.2%
– Metro area: Portland-South Portland, ME
#23. Southwest Harbor
– Average home value: $596,633
– Yearly price change: +2.4%
– 5-year price change: +65.6%
– Metro area: not situated in a metro area
#22. Long Island
– Average home value: $604,116
– Yearly price change: +0.2%
– 5-year price change: data not available
– Metro area: Portland-South Portland, ME
#21. Kittery
– Average home value: $630,590
– Yearly price change: +3.0%
– 5-year price change: +65.8%
– Metro area: Portland-South Portland, ME
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#20. Westport
– Average home value: $633,510
– Yearly price change: +4.3%
– 5-year price change: +71.9%
– Metro area: not situated in a metro area
#19. Freeport
– Average home value: $634,638
– Yearly price change: +3.3%
– 5-year price change: +71.0%
– Metro area: Portland-South Portland, ME
#18. Chebeague Island
– Average home value: $638,730
– Yearly price change: +3.2%
– 5-year price change: data not available
– Metro area: Portland-South Portland, ME
#17. North Yarmouth
– Average home value: $641,308
– Yearly price change: +1.5%
– 5-year price change: +65.1%
– Metro area: Portland-South Portland, ME
#16. Bar Harbor
– Average home value: $654,823
– Yearly price change: +3.9%
– 5-year price change: +73.6%
– Metro area: not situated in a metro area
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#15. Camden
– Average home value: $662,751
– Yearly price change: +4.6%
– 5-year price change: +84.3%
– Metro area: not situated in a metro area
#14. Scarborough
– Average home value: $663,923
– Yearly price change: +3.3%
– 5-year price change: +69.0%
– Metro area: Portland-South Portland, ME
#13. Georgetown
– Average home value: $676,747
– Yearly price change: +9.5%
– 5-year price change: +75.3%
– Metro area: Portland-South Portland, ME
#12. Cumberland
– Average home value: $700,267
– Yearly price change: +2.6%
– 5-year price change: +68.6%
– Metro area: Portland-South Portland, ME
#11. Harpswell
– Average home value: $713,603
– Yearly price change: +4.4%
– 5-year price change: +72.2%
– Metro area: Portland-South Portland, ME
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#10. York
– Average home value: $721,193
– Yearly price change: +2.4%
– 5-year price change: +65.0%
– Metro area: Portland-South Portland, ME
#9. Yarmouth
– Average home value: $733,949
– Yearly price change: +2.0%
– 5-year price change: +68.4%
– Metro area: Portland-South Portland, ME
#8. Cape Elizabeth
– Average home value: $811,146
– Yearly price change: -0.7%
– 5-year price change: +50.3%
– Metro area: Portland-South Portland, ME
#7. South Bristol
– Average home value: $822,290
– Yearly price change: +3.4%
– 5-year price change: +40.8%
– Metro area: not situated in a metro area
#6. Falmouth
– Average home value: $842,095
– Yearly price change: +6.8%
– 5-year price change: +75.0%
– Metro area: Portland-South Portland, ME
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#5. Ocean Park
– Average home value: $885,273
– Yearly price change: +5.2%
– 5-year price change: +68.2%
– Metro area: Portland-South Portland, ME
#4. Southport
– Average home value: $888,553
– Yearly price change: +9.9%
– 5-year price change: data not available
– Metro area: not situated in a metro area
#3. Ogunquit
– Average home value: $915,390
– Yearly price change: +5.4%
– 5-year price change: +78.7%
– Metro area: Portland-South Portland, ME
#2. Mount Desert
– Average home value: $929,263
– Yearly price change: +6.5%
– 5-year price change: +78.1%
– Metro area: not situated in a metro area
#1. Kennebunkport
– Average home value: $1,116,398
– Yearly price change: +6.3%
– 5-year price change: +82.1%
– Metro area: Portland-South Portland, ME
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By Stacker
