North Berwick, ME—03906
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Berwick, ME
As of Oct '25, the median home price in North Berwick, ME is $474,000, with a year-over-year change of 1.7%. This indicates that home prices in North Berwick, ME are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $474,000 | 1.7% |
| Single Family | $478,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $403,000 | 1.5% |
3 Bed | $488,000 | 1.5% |
4 Bed | $540,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Berwick, ME
North Berwick, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Berwick, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in North Berwick, ME is 51. This is a increase of 118.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | 52.0% |
Listing Count | 7 | -15.0% |
| Listings as % of Homes | 0.3% | -15.0% |
Days on Market | 51 | 118.0% |
Demographics — North Berwick, ME
As of the latest ACS Survey released in 2023, North Berwick, ME has a population of 5,280, which has increased by 11.9% over the past 5 years. North Berwick, ME is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,280 | 11.9% |
% Under 18 | 24.1% | 28.9% |
% Seniors | 20.2% | -15.5% |
% WFH | 12.2% | 52.5% |
% w/ College Degree | 28.6% | 22.2% |
As of the latest ACS Survey released in 2023, North Berwick, ME is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in North Berwick, ME is hispanic, making up 1.0% of the population. Foreign-born residents account for 1.1% of the population in North Berwick, ME, and this percentage has decreased by 26.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.8% | -0.2% |
% Black | 0.2% | -60.0% |
% Hispanic | 1.0% | -41.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | -26.7% |
Mortgage and Risk — North Berwick, ME
According to HUD data as of 2023, there were 118 mortgage originations in North Berwick, ME, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in North Berwick, ME. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — North Berwick, ME
North Berwick, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | -$230 | $1,800 | $1,570 |
| 3 Bedroom | N/A | N/A | $2,070 |
| 4 Bedroom | N/A | N/A | $2,600 |
Affordability — North Berwick, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $474,000 |
| Median Household Income | $95,800 |