Freeport, ME—04032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeport, ME
As of Oct '25, the median home price in Freeport, ME is $657,000, with a year-over-year change of 1.8%. This indicates that home prices in Freeport, 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 | $657,000 | 1.8% |
| Single Family | $687,000 | 0.9% |
| Condos | $366,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $445,000 | -1.1% |
2 Bed | $444,000 | 1.4% |
3 Bed | $663,000 | 1.1% |
4 Bed | $891,000 | 0.3% |
| 5 Bed | $1,148,000 | 0.4% |
% of Housing Stock
Rental Trends — Freeport, ME
As of July '25, Rentcast reports the average rent in Freeport, ME is $2,600, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Freeport, ME is studios: $2,130, 1-bedrooms: $2,490, 2-bedrooms: $2,700, 3-bedrooms: $3,370. The most common rental property sizes in Freeport, ME are 2-bedroom and 1-bedroom, accounting for 38.1% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,600 |
| Studio Rent | $2,140 | $2,130 |
| 1 Bed Rent | $2,550 | $2,490 |
| 2 Bed Rent | $2,800 | $2,700 |
| 3 Bed Rent | $3,450 | $3,370 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Freeport, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeport, ME is 43. This is a increase of 22.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $826,000 | -15.0% |
Listing Count | 20 | 31.0% |
| Listings as % of Homes | 0.2% | 31.0% |
Days on Market | 43 | 22.0% |
Demographics — Freeport, ME
As of the latest ACS Survey released in 2023, Freeport, ME has a population of 8,740, which has increased by 4.2% over the past 5 years. Freeport, ME is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,740 | 4.2% |
% Under 18 | 20.3% | 0.0% |
% Seniors | 24.8% | 32.6% |
% WFH | 17.5% | 50.9% |
% w/ College Degree | 56.7% | 1.1% |
As of the latest ACS Survey released in 2023, Freeport, ME is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Freeport, ME is asian, making up 3.2% of the population. Foreign-born residents account for 4.5% of the population in Freeport, ME, and this percentage has increased by 15.4% 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 | 89.2% | -1.7% |
% Black | 0.2% | -71.4% |
% Hispanic | 2.8% | 64.7% |
% Asian | 3.2% | 52.4% |
% Foreign Born | 4.5% | 15.4% |
Mortgage and Risk — Freeport, ME
According to HUD data as of 2023, there were 171 mortgage originations in Freeport, ME, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Freeport, ME. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 171 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Freeport, ME
Freeport, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 84.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$860 | $2,550 | $1,690 |
| 2 Bedroom | -$620 | $2,800 | $2,180 |
| 3 Bedroom | -$780 | $3,450 | $2,670 |
| 4 Bedroom | N/A | N/A | $3,000 |
Affordability — Freeport, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $657,000 |
| Median Household Income | $109,000 |