Eliot, ME—03903
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eliot, ME
As of Oct '25, the median home price in Eliot, ME is $602,000, with a year-over-year change of 1.0%. This indicates that home prices in Eliot, ME are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | 1.0% |
| Single Family | $606,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $491,000 | 0.2% |
3 Bed | $614,000 | 0.8% |
4 Bed | $728,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eliot, ME
As of July '25, Rentcast reports the average rent in Eliot, ME is $2,660, with a year-over-year rent change of -16.6%. Per bedroom, the median rent as of July '25 in Eliot, ME is 1-bedrooms: $2,150, 2-bedrooms: $2,750, 3-bedrooms: $3,080. The most common rental property sizes in Eliot, ME are 2-bedroom and 1-bedroom, accounting for 43.1% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,150 |
| 2 Bed Rent | $2,500 | $2,750 |
| 3 Bed Rent | $2,650 | $3,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Eliot, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Eliot, ME is 32. This is a increase of 54.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $871,000 | 27.0% |
Listing Count | 13 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 32 | 54.0% |
Demographics — Eliot, ME
As of the latest ACS Survey released in 2023, Eliot, ME has a population of 6,980, which has increased by 7.6% over the past 5 years. Eliot, ME is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,980 | 7.6% |
% Under 18 | 16.9% | -22.5% |
% Seniors | 26.1% | 44.2% |
% WFH | 16.7% | 215.1% |
% w/ College Degree | 41.4% | 20.7% |
As of the latest ACS Survey released in 2023, Eliot, ME is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Eliot, ME is hispanic, making up 4.7% of the population. Foreign-born residents account for 3.4% of the population in Eliot, ME, and this percentage has increased by 78.9% 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 | 88.7% | -7.9% |
% Black | 0.6% | 20.0% |
% Hispanic | 4.7% | 74.1% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 3.4% | 78.9% |
Mortgage and Risk — Eliot, ME
According to HUD data as of 2023, there were 138 mortgage originations in Eliot, ME, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Eliot, ME. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Eliot, ME
Eliot, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $2,100 | $1,560 |
| 2 Bedroom | -$490 | $2,500 | $2,010 |
| 3 Bedroom | -$50 | $2,650 | $2,600 |
| 4 Bedroom | N/A | N/A | $3,380 |
Affordability — Eliot, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $602,000 |
| Median Household Income | $100,000 |