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Windham, ME—04062

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$468,000
0.6% YoY Growth
Household Income
$98,900
29.0% YoY Growth
Days on Market
42
29.0% Shorter YoY
Home Price Forecast
2.9%
Median Rent
$2,380
0.5% YoY Growth
1-Bed Rent
$1,680
N/A
2-Bed Rent
$2,380
0.9% YoY Growth
3-Bed Rent
$2,600
69.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Windham, ME

As of Dec '25, the median home price in Windham, ME is $468,000, with a year-over-year change of 0.6%. This indicates that home prices in Windham, ME are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$468,0000.6%
Single Family $485,0000.6%
Condos $365,0002.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $357,000
    -0.6%
    2 Bed
    		$386,0001.0%
    3 Bed
    		$493,0000.8%
    4 Bed
    		$590,0000.5%
    5 Bed $651,3450.6%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    6.6%
    2 Bedrooms
    30.9%
    3 Bedrooms
    44.1%
    4 Bedrooms
    14.1%
    5+ Bedrooms
    3.9%

    Rental Trends — Windham, ME

    As of July '25, Rentcast reports the average rent in Windham, ME is $2,220, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Windham, ME is studios: $1,300, 1-bedrooms: $1,840, 2-bedrooms: $2,230, 3-bedrooms: $3,050, 4-bedrooms: $2,580. The most common rental property sizes in Windham, ME are 2-bedroom and 1-bedroom, accounting for 53.0% and 26.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,380$2,220
    Studio Rent $1,300$1,300
    1 Bed Rent $1,680$1,840
    2 Bed Rent $2,380$2,230
    3 Bed Rent $2,600$3,050
    4 Bed Rent $2,450$2,580
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    % of Rental Stock

    1 Bedroom
    26.9%
    2 Bedrooms
    53.0%
    3 Bedrooms
    16.5%
    4 Bedrooms
    3.5%

    Property Listings — Windham, ME

    As of Dec '25, Realtor.com reports that the median days on market for a home in Windham, ME is 43. This is a decrease of -7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$550,000-4.0%
    Listing Count
    		411.0%
    Listings as % of Homes0.4%1.0%
    Days on Market
    		42-29.0%
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    Demographics — Windham, ME

    As of the latest ACS Survey released in 2023, Windham, ME has a population of 19,000, which has increased by 4.2% over the past 5 years. Windham, ME is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 42.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,0004.2%
    % Under 18
    		19.0%-8.2%
    % Seniors
    		16.4%10.1%
    % WFH
    		15.5%154.1%
    % w/ College Degree
    		42.1%25.3%
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    As of the latest ACS Survey released in 2023, Windham, ME is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Windham, ME is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.6% of the population in Windham, ME, and this percentage has increased by 44.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.1%-6.5%
    % Black
    		0.6%-50.0%
    % Hispanic
    		2.3%360.0%
    % Asian
    		2.2%∞%
    % Foreign Born
    		2.6%44.4%
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    Mortgage and Risk — Windham, ME

    According to HUD data as of 2023, there were 486 mortgage originations in Windham, ME, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Windham, ME. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		486
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Windham, ME

    As of 2024, the percent of homes in Windham, ME under the Section 8 program is 16.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Windham, ME, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		254
    Total Units Section 8
    		206
    % Rentals under Section 8
    		16.8%
    % Occupied Section 8
    		84.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$310$1,680$1,370
    2 Bedroom-$620$2,380$1,760
    3 Bedroom-$420$2,600$2,180
    4 Bedroom$20$2,450$2,470

    Affordability — Windham, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$468,000
    Median Household Income$98,900

    Windham, ME — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Gray, ME

    04039

    Gorham, ME

    04038

    Westbrook, ME

    04092

    Raymond, ME

    04071

    Falmouth, ME

    04105

    Frequently Asked Questions