Saco, ME—04072
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saco, ME
As of Oct '25, the median home price in Saco, ME is $512,000, with a year-over-year change of 2.5%. This indicates that home prices in Saco, ME are increasing. 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 | $512,000 | 2.5% |
| Single Family | $535,000 | 2.5% |
| Condos | $400,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $301,000 | 2.4% |
2 Bed | $392,000 | 1.6% |
3 Bed | $531,000 | 2.5% |
4 Bed | $644,000 | 2.4% |
| 5 Bed | $728,000 | 1.1% |
% of Housing Stock
Rental Trends — Saco, ME
As of July '25, Rentcast reports the average rent in Saco, ME is $2,000, with a year-over-year rent change of -21.6%. Per bedroom, the median rent as of July '25 in Saco, ME is studios: $1,620, 1-bedrooms: $1,430, 2-bedrooms: $2,300, 3-bedrooms: $2,800. The most common rental property sizes in Saco, ME are 2-bedroom and 1-bedroom, accounting for 50.1% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,000 |
| Studio Rent | $1,620 | $1,620 |
| 1 Bed Rent | $1,450 | $1,430 |
| 2 Bed Rent | $2,000 | $2,300 |
| 3 Bed Rent | $2,600 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saco, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Saco, ME is 47. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $544,000 | -9.0% |
Listing Count | 64 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 47 | 9.0% |
Demographics — Saco, ME
As of the latest ACS Survey released in 2023, Saco, ME has a population of 20,600, which has increased by 6.7% over the past 5 years. Saco, ME is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,600 | 6.7% |
% Under 18 | 17.0% | -19.0% |
% Seniors | 18.1% | 6.5% |
% WFH | 15.7% | 324.3% |
% w/ College Degree | 40.5% | 6.3% |
As of the latest ACS Survey released in 2023, Saco, ME is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Saco, ME is hispanic, making up 3.9% of the population. Foreign-born residents account for 8.3% of the population in Saco, ME, and this percentage has increased by 130.6% 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 | 85.4% | -9.5% |
% Black | 2.9% | 222.2% |
% Hispanic | 3.9% | 129.4% |
% Asian | 1.4% | 55.6% |
% Foreign Born | 8.3% | 130.6% |
Mortgage and Risk — Saco, ME
According to HUD data as of 2023, there were 466 mortgage originations in Saco, ME, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Saco, ME. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 466 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Saco, ME
Saco, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 426 |
Total Units Section 8 | 341 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,450 | $1,510 |
| 2 Bedroom | -$140 | $2,000 | $1,860 |
| 3 Bedroom | -$140 | $2,600 | $2,460 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Saco, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $512,000 |
| Median Household Income | $84,300 |