Berwick, ME—03901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berwick, ME
As of Oct '25, the median home price in Berwick, ME is $451,000, with a year-over-year change of 1.5%. This indicates that home prices in Berwick, ME are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | 1.5% |
| Single Family | $455,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | 0.3% |
3 Bed | $468,000 | 1.3% |
4 Bed | $501,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berwick, ME
As of July '25, Rentcast reports the average rent in Berwick, ME is $2,380, with a year-over-year rent change of 50.6%. Per bedroom, the median rent as of July '25 in Berwick, ME is 1-bedrooms: $1,780, 2-bedrooms: $2,400, 3-bedrooms: $2,400, 4-bedrooms: $2,900. The most common rental property sizes in Berwick, ME are 1-bedroom and 2-bedroom, accounting for 45.6% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,780 |
| 2 Bed Rent | $2,450 | $2,400 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Berwick, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Berwick, ME is 44. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 5.0% |
Listing Count | 24 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 44 | 3.0% |
Demographics — Berwick, ME
As of the latest ACS Survey released in 2023, Berwick, ME has a population of 8,090, which has increased by 6.2% over the past 5 years. Berwick, ME is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,090 | 6.2% |
% Under 18 | 24.7% | 9.8% |
% Seniors | 18.1% | 16.0% |
% WFH | 13.0% | 242.1% |
% w/ College Degree | 35.0% | 11.1% |
As of the latest ACS Survey released in 2023, Berwick, ME is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Berwick, ME is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.8% of the population in Berwick, ME, and this percentage has increased by 180.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | -3.2% |
% Black | 0.7% | ∞% |
% Hispanic | 2.3% | 283.3% |
% Asian | 1.6% | 700.0% |
% Foreign Born | 2.8% | 180.0% |
Mortgage and Risk — Berwick, ME
According to HUD data as of 2023, there were 162 mortgage originations in Berwick, ME, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Berwick, ME. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Berwick, ME
As of 2024, the percent of homes in Berwick, ME under the Section 8 program is 21.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Berwick, ME, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 107 |
Total Units Section 8 | 107 |
% Rentals under Section 8 | 21.7% |
% Occupied Section 8 | 82.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,600 | $1,340 |
| 2 Bedroom | -$720 | $2,450 | $1,730 |
| 3 Bedroom | -$160 | $2,400 | $2,240 |
| 4 Bedroom | $0 | $2,900 | $2,900 |
Affordability — Berwick, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $451,000 |
| Median Household Income | $77,800 |