Scarborough, ME—04074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scarborough, ME
As of Oct '25, the median home price in Scarborough, ME is $694,000, with a year-over-year change of 3.9%. This indicates that home prices in Scarborough, 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 | $694,000 | 3.9% |
| Single Family | $729,000 | 4.3% |
| Condos | $492,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $365,000 | -0.5% |
2 Bed | $475,000 | 1.9% |
3 Bed | $684,000 | 4.0% |
4 Bed | $849,000 | 4.4% |
| 5 Bed | $1,136,000 | 5.3% |
% of Housing Stock
Rental Trends — Scarborough, ME
As of July '25, Rentcast reports the average rent in Scarborough, ME is $2,500, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Scarborough, ME is studios: $2,220, 1-bedrooms: $2,300, 2-bedrooms: $2,870, 4-bedrooms: $3,200. The most common rental property sizes in Scarborough, ME are 2-bedroom and 1-bedroom, accounting for 47.5% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | $2,150 | $2,220 |
| 1 Bed Rent | $2,400 | $2,300 |
| 2 Bed Rent | $2,920 | $2,870 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Scarborough, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Scarborough, ME is 66. This is a increase of 75.0% 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 | $752,000 | -10.0% |
Listing Count | 72 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 66 | 75.0% |
Demographics — Scarborough, ME
As of the latest ACS Survey released in 2023, Scarborough, ME has a population of 22,500, which has increased by 14.3% over the past 5 years. Scarborough, ME is a moderately popular place for families, as children make up 16.4% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | 14.3% |
% Under 18 | 16.4% | -26.1% |
% Seniors | 23.1% | 12.7% |
% WFH | 20.6% | 121.5% |
% w/ College Degree | 57.7% | 8.3% |
As of the latest ACS Survey released in 2023, Scarborough, ME is a predominantly white area, with 90.5% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Scarborough, ME is hispanic, making up 3.4% of the population. Foreign-born residents account for 3.7% of the population in Scarborough, ME, and this percentage has decreased by 48.6% 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 | 90.5% | 1.2% |
% Black | 0.8% | -27.3% |
% Hispanic | 3.4% | 61.9% |
% Asian | 1.5% | -72.7% |
% Foreign Born | 3.7% | -48.6% |
Mortgage and Risk — Scarborough, ME
According to HUD data as of 2023, there were 531 mortgage originations in Scarborough, ME, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Scarborough, ME. Investor activity is low, as 2.0% 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 | 531 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Scarborough, ME
Scarborough, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$600 | $2,400 | $1,800 |
| 2 Bedroom | -$610 | $2,920 | $2,310 |
| 3 Bedroom | N/A | N/A | $2,830 |
| 4 Bedroom | -$30 | $3,200 | $3,170 |
Affordability — Scarborough, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $694,000 |
| Median Household Income | $126,000 |