South Berwick, ME—03908
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Berwick, ME
As of Oct '25, the median home price in South Berwick, ME is $506,000, with a year-over-year change of 2.1%. This indicates that home prices in South Berwick, ME are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $506,000 | 2.1% |
| Single Family | $519,000 | 1.8% |
| Condos | $231,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | -1.3% |
2 Bed | $398,000 | 1.3% |
3 Bed | $523,000 | 1.8% |
4 Bed | $570,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Berwick, ME
As of July '25, Rentcast reports the average rent in South Berwick, ME is $2,210, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in South Berwick, ME is 2-bedrooms: $2,210. The most common rental property sizes in South Berwick, ME are 2-bedroom and 3-bedroom, accounting for 44.9% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $2,210 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Berwick, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in South Berwick, ME is 28. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $602,000 | 23.0% |
Listing Count | 17 | 59.0% |
| Listings as % of Homes | 0.2% | 59.0% |
Days on Market | 28 | -7.0% |
Demographics — South Berwick, ME
As of the latest ACS Survey released in 2023, South Berwick, ME has a population of 7,380, which has remained stable by -0.5% over the past 5 years. South Berwick, ME is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,380 | -0.5% |
% Under 18 | 25.7% | 4.9% |
% Seniors | 13.9% | 15.8% |
% WFH | 14.0% | 483.3% |
% w/ College Degree | 38.8% | -8.9% |
As of the latest ACS Survey released in 2023, South Berwick, ME is a predominantly white area, with 91.8% of the population identifying as white. The white population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in South Berwick, ME is hispanic, making up 2.9% of the population. Foreign-born residents account for 3.4% of the population in South Berwick, ME, and this percentage has decreased by 26.1% 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 | 91.8% | 4.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.9% | 52.6% |
% Asian | 1.9% | -45.7% |
% Foreign Born | 3.4% | -26.1% |
Mortgage and Risk — South Berwick, ME
According to HUD data as of 2023, there were 190 mortgage originations in South Berwick, ME, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in South Berwick, ME. Investor activity is low, as 2.0% 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 | 190 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — South Berwick, ME
South Berwick, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | $100 | $1,600 | $1,700 |
| 3 Bedroom | N/A | N/A | $2,200 |
| 4 Bedroom | N/A | N/A | $2,850 |
Affordability — South Berwick, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $506,000 |
| Median Household Income | $97,900 |