Windham, ME—04062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Windham, ME
As of Oct '25, the median home price in Windham, ME is $473,000, 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 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $473,000 | 0.6% |
| Single Family | $490,000 | 0.4% |
| Condos | $368,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $363,000 | 0.0% |
2 Bed | $390,000 | 1.0% |
3 Bed | $498,000 | 0.6% |
4 Bed | $598,000 | 0.5% |
| 5 Bed | $656,000 | 0.3% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Windham, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Windham, ME is 32. This is a increase of 9.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $564,000 | -3.0% |
Listing Count | 59 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 32 | 9.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 4.2% |
% Under 18 | 19.0% | -8.2% |
% Seniors | 16.4% | 10.1% |
% WFH | 15.5% | 154.1% |
% w/ College Degree | 42.1% | 25.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $473,000 |
| Median Household Income | $98,900 |