Casco, ME—04015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Casco, ME
As of Oct '25, the median home price in Casco, ME is $401,000, with a year-over-year change of -2.2%. This indicates that home prices in Casco, ME are decreasing. 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 | $401,000 | -2.2% |
| Single Family | $402,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $292,000 | -4.6% |
2 Bed | $375,000 | -3.1% |
3 Bed | $413,000 | -2.1% |
4 Bed | $509,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Casco, ME
As of July '25, Rentcast reports the average rent in Casco, ME is $1,950, with a year-over-year rent change of -35.6%. Per bedroom, the median rent as of July '25 in Casco, ME is 1-bedrooms: $1,550, 2-bedrooms: $2,000, 3-bedrooms: $2,120. The most common rental property sizes in Casco, ME are 3-bedroom and 2-bedroom, accounting for 59.4% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $1,490 | $2,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Casco, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Casco, ME is 57. This is a decrease of -20.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $583,000 | 20.0% |
Listing Count | 32 | 75.0% |
| Listings as % of Homes | 0.1% | 75.0% |
Days on Market | 57 | -20.0% |
Demographics — Casco, ME
As of the latest ACS Survey released in 2023, Casco, ME has a population of 3,660, which has decreased by -4.4% over the past 5 years. Casco, ME is a less popular place for families, as children make up 14.2% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,660 | -4.4% |
% Under 18 | 14.2% | -10.1% |
% Seniors | 27.1% | 31.6% |
% WFH | 23.0% | 78.3% |
% w/ College Degree | 32.3% | 35.7% |
As of the latest ACS Survey released in 2023, Casco, ME is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Casco, ME is asian, making up 1.7% of the population. Foreign-born residents account for 3.9% of the population in Casco, ME, and this percentage has increased by 387.5% 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 | 83.5% | -14.4% |
% Black | 0.1% | -66.7% |
% Hispanic | 1.3% | 62.5% |
% Asian | 1.7% | ∞% |
% Foreign Born | 3.9% | 387.5% |
Mortgage and Risk — Casco, ME
According to HUD data as of 2023, there were 116 mortgage originations in Casco, ME, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Casco, ME. Investor activity is low, as 0.0% 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 | 116 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Casco, ME
Casco, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 23.3% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,550 | $1,370 |
| 2 Bedroom | -$240 | $2,000 | $1,760 |
| 3 Bedroom | $690 | $1,490 | $2,180 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Casco, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $401,000 |
| Median Household Income | $64,200 |