Lyman, ME—04002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lyman, ME
As of Oct '25, the median home price in Lyman, ME is $445,000, with a year-over-year change of -2.2%. This indicates that home prices in Lyman, ME are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | -2.2% |
| Single Family | $446,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $346,000 | -6.2% |
2 Bed | $387,000 | -3.2% |
3 Bed | $463,000 | -2.1% |
4 Bed | $534,000 | -1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lyman, ME
Lyman, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lyman, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyman, ME is 41. This is a increase of 2.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $477,000 | 5.0% |
Listing Count | 16 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 41 | 2.0% |
Demographics — Lyman, ME
As of the latest ACS Survey released in 2023, Lyman, ME has a population of 7,700, which has increased by 2.2% over the past 5 years. Lyman, ME is a less popular place for families, as children make up 13.2% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,700 | 2.2% |
% Under 18 | 13.2% | -30.9% |
% Seniors | 23.3% | 8.9% |
% WFH | 12.5% | 64.5% |
% w/ College Degree | 22.8% | 20.0% |
As of the latest ACS Survey released in 2023, Lyman, ME is a predominantly white area, with 96.9% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Lyman, ME is asian, making up 0.4% of the population. Foreign-born residents account for 2.6% of the population in Lyman, ME, and this percentage has increased by 8.3% 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 | 96.9% | -0.1% |
% Black | 0.3% | 0.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 2.6% | 8.3% |
Mortgage and Risk — Lyman, ME
According to HUD data as of 2023, there were 183 mortgage originations in Lyman, ME, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Lyman, ME. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lyman, ME
Lyman, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Lyman, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $445,000 |
| Median Household Income | $77,900 |