Parsonsfield, ME—04047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parsonsfield, ME
As of Oct '25, the median home price in Parsonsfield, ME is $345,000, with a year-over-year change of -4.5%. This indicates that home prices in Parsonsfield, 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 | $345,000 | -4.5% |
| Single Family | $345,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parsonsfield, ME
Parsonsfield, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Parsonsfield, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Parsonsfield, ME is 23. This is a increase of 12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | -17.0% |
Listing Count | 12 | -31.0% |
| Listings as % of Homes | 0.6% | -31.0% |
Days on Market | 23 | 12.0% |
Demographics — Parsonsfield, ME
As of the latest ACS Survey released in 2023, Parsonsfield, ME has a population of 1,700, which has decreased by -10.3% over the past 5 years. Parsonsfield, ME is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,700 | -10.3% |
% Under 18 | 27.8% | 66.5% |
% Seniors | 15.5% | -6.6% |
% WFH | 8.2% | -14.6% |
% w/ College Degree | 23.5% | 17.5% |
As of the latest ACS Survey released in 2023, Parsonsfield, ME is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Parsonsfield, ME is hispanic, making up 1.9% of the population. Foreign-born residents account for 2.8% of the population in Parsonsfield, ME, and this percentage has increased by 33.3% 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 | 93.7% | -4.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.9% | 850.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.8% | 33.3% |
Mortgage and Risk — Parsonsfield, ME
According to HUD data as of 2023, there were 93 mortgage originations in Parsonsfield, ME, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Parsonsfield, ME. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Parsonsfield, ME
Parsonsfield, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,630 |
| 3 Bedroom | $450 | $1,700 | $2,150 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Parsonsfield, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $345,000 |
| Median Household Income | $61,200 |