Kennebunk, ME—04043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kennebunk, ME
As of Oct '25, the median home price in Kennebunk, ME is $607,000, with a year-over-year change of -0.4%. This indicates that home prices in Kennebunk, ME are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $607,000 | -0.4% |
| Single Family | $662,000 | -0.9% |
| Condos | $519,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $325,000 | -2.4% |
2 Bed | $467,000 | -0.4% |
3 Bed | $614,000 | -0.8% |
4 Bed | $803,000 | -2.1% |
| 5 Bed | $1,330,000 | -5.5% |
% of Housing Stock
Rental Trends — Kennebunk, ME
As of July '25, Rentcast reports the average rent in Kennebunk, ME is $2,640, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Kennebunk, ME is 1-bedrooms: $2,120, 2-bedrooms: $2,630, 3-bedrooms: $3,300. The most common rental property sizes in Kennebunk, ME are 2-bedroom and 3-bedroom, accounting for 39.3% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $2,120 |
| 2 Bed Rent | $2,750 | $2,630 |
| 3 Bed Rent | $3,100 | $3,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kennebunk, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Kennebunk, ME is 67. This is a decrease of -4.0% 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 | $852,000 | -2.0% |
Listing Count | 84 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 67 | -4.0% |
Demographics — Kennebunk, ME
As of the latest ACS Survey released in 2023, Kennebunk, ME has a population of 11,700, which has increased by 3.1% over the past 5 years. Kennebunk, ME is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 3.1% |
% Under 18 | 17.9% | 2.9% |
% Seniors | 32.5% | 17.3% |
% WFH | 30.4% | 230.4% |
% w/ College Degree | 49.5% | 4.7% |
As of the latest ACS Survey released in 2023, Kennebunk, ME is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Kennebunk, ME is hispanic, making up 2.8% of the population. Foreign-born residents account for 7.8% of the population in Kennebunk, ME, and this percentage has increased by 105.3% 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 | 93.9% | -2.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.8% | 211.1% |
% Asian | 1.6% | -11.1% |
% Foreign Born | 7.8% | 105.3% |
Mortgage and Risk — Kennebunk, ME
According to HUD data as of 2023, there were 326 mortgage originations in Kennebunk, ME, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Kennebunk, ME. Investor activity is low, as 2.0% 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 | 326 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Kennebunk, ME
Kennebunk, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 88 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,750 | $1,490 |
| 2 Bedroom | -$910 | $2,750 | $1,840 |
| 3 Bedroom | -$670 | $3,100 | $2,430 |
| 4 Bedroom | N/A | N/A | $2,680 |
Affordability — Kennebunk, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $607,000 |
| Median Household Income | $101,000 |