Biddeford, ME—04005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Biddeford, ME
As of Oct '25, the median home price in Biddeford, ME is $494,000, with a year-over-year change of 2.5%. This indicates that home prices in Biddeford, 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 | $494,000 | 2.5% |
| Single Family | $502,000 | 2.0% |
| Condos | $384,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $394,000 | 6.2% |
2 Bed | $421,000 | 3.2% |
3 Bed | $502,000 | 2.2% |
4 Bed | $548,000 | 2.2% |
| 5 Bed | $691,000 | 1.5% |
% of Housing Stock
Rental Trends — Biddeford, ME
As of July '25, Rentcast reports the average rent in Biddeford, ME is $1,990, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Biddeford, ME is studios: $1,680, 1-bedrooms: $1,940, 2-bedrooms: $2,040, 3-bedrooms: $2,420, 4-bedrooms: $1,680. The most common rental property sizes in Biddeford, ME are 2-bedroom and 1-bedroom, accounting for 38.2% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,990 |
| Studio Rent | $1,760 | $1,680 |
| 1 Bed Rent | $2,020 | $1,940 |
| 2 Bed Rent | $1,880 | $2,040 |
| 3 Bed Rent | $2,200 | $2,420 |
| 4 Bed Rent | $1,680 | $1,680 |
% of Rental Stock
Property Listings — Biddeford, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Biddeford, ME is 77. This is a increase of 8.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $681,000 | 0.0% |
Listing Count | 63 | 28.0% |
| Listings as % of Homes | 0.2% | 28.0% |
Days on Market | 77 | 8.0% |
Demographics — Biddeford, ME
As of the latest ACS Survey released in 2023, Biddeford, ME has a population of 24,700, which has increased by 5.8% over the past 5 years. Biddeford, ME is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | 5.8% |
% Under 18 | 16.3% | -3.0% |
% Seniors | 17.4% | 3.6% |
% WFH | 12.4% | 244.4% |
% w/ College Degree | 29.5% | 21.9% |
As of the latest ACS Survey released in 2023, Biddeford, ME is a predominantly white area, with 92.2% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Biddeford, ME is hispanic, making up 2.4% of the population. Foreign-born residents account for 3.7% of the population in Biddeford, ME, and this percentage has decreased by 46.4% 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 | 92.2% | 3.6% |
% Black | 0.9% | -64.0% |
% Hispanic | 2.4% | -31.4% |
% Asian | 1.9% | -36.7% |
% Foreign Born | 3.7% | -46.4% |
Mortgage and Risk — Biddeford, ME
According to HUD data as of 2023, there were 407 mortgage originations in Biddeford, ME, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Biddeford, ME. Investor activity is low, as 4.0% 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 | 407 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Biddeford, ME
As of 2024, the percent of homes in Biddeford, ME under the Section 8 program is 12.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Biddeford, ME, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 642 |
Total Units Section 8 | 607 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$650 | $2,020 | $1,370 |
| 2 Bedroom | -$120 | $1,880 | $1,760 |
| 3 Bedroom | -$20 | $2,200 | $2,180 |
| 4 Bedroom | $790 | $1,680 | $2,470 |
Affordability — Biddeford, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $494,000 |
| Median Household Income | $71,300 |