Arundel, ME—04046
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arundel, ME
As of Oct '25, the median home price in Arundel, ME is $759,000, with a year-over-year change of -1.9%. This indicates that home prices in Arundel, ME are decreasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $759,000 | -1.9% |
| Single Family | $816,000 | -1.7% |
| Condos | $534,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $430,000 | -3.2% |
2 Bed | $528,000 | -0.8% |
3 Bed | $754,000 | -1.7% |
4 Bed | $1,222,000 | -1.8% |
| 5 Bed | $2,113,000 | -3.5% |
% of Housing Stock
Rental Trends — Arundel, ME
As of July '25, Rentcast reports the average rent in Arundel, ME is $2,500, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Arundel, ME is 1-bedrooms: $1,880, 2-bedrooms: $2,400, 3-bedrooms: $2,850. The most common rental property sizes in Arundel, ME are 2-bedroom and 3-bedroom, accounting for 33.7% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,880 |
| 2 Bed Rent | $2,350 | $2,400 |
| 3 Bed Rent | $2,760 | $2,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Arundel, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Arundel, ME is 89. This is a increase of 13.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,080,000 | -6.0% |
Listing Count | 54 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 89 | 13.0% |
Demographics — Arundel, ME
As of the latest ACS Survey released in 2023, Arundel, ME has a population of 8,040, which has increased by 2.8% over the past 5 years. Arundel, ME is a less popular place for families, as children make up 13.6% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,040 | 2.8% |
% Under 18 | 13.6% | -31.3% |
% Seniors | 24.5% | 11.4% |
% WFH | 15.5% | 82.4% |
% w/ College Degree | 41.5% | -7.0% |
As of the latest ACS Survey released in 2023, Arundel, ME is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Arundel, ME is asian, making up 0.2% of the population. Foreign-born residents account for 3.5% of the population in Arundel, ME, and this percentage has decreased by 31.4% 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 | 96.1% | 0.9% |
% Black | 0.1% | -95.0% |
% Hispanic | 0.2% | -33.3% |
% Asian | 0.2% | -86.7% |
% Foreign Born | 3.5% | -31.4% |
Mortgage and Risk — Arundel, ME
According to HUD data as of 2023, there were 269 mortgage originations in Arundel, ME, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Arundel, 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 | 269 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Arundel, ME
Arundel, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,750 | $1,360 |
| 2 Bedroom | -$680 | $2,350 | $1,670 |
| 3 Bedroom | -$550 | $2,760 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,430 |
Affordability — Arundel, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $759,000 |
| Median Household Income | $99,900 |