Harpswell, ME—04079
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Harpswell, ME
Home Price Trends — Harpswell, ME
As of Oct '25, the median home price in Harpswell, ME is $698,000, with a year-over-year change of -3.1%. This indicates that home prices in Harpswell, ME are decreasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $698,000 | -3.1% |
| Single Family | $698,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $412,000 | -4.4% |
2 Bed | $582,000 | -2.7% |
3 Bed | $787,000 | -3.0% |
4 Bed | $901,000 | -4.1% |
| 5 Bed | $1,163,000 | -1.3% |
% of Housing Stock
Rental Trends — Harpswell, ME
Harpswell, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $4,000 | $4,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Harpswell, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Harpswell, ME is 93. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,420,000 | 18.0% |
Listing Count | 22 | -13.0% |
| Listings as % of Homes | 0.2% | -13.0% |
Days on Market | 93 | 1.0% |
Demographics — Harpswell, ME
As of the latest ACS Survey released in 2023, Harpswell, ME has a population of 4,090, which has increased by 5.8% over the past 5 years. Harpswell, ME is a less popular place for families, as children make up 10.2% of the population. The area has a highly educated workforce, with 55.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,090 | 5.8% |
% Under 18 | 10.2% | -41.0% |
% Seniors | 38.3% | 30.3% |
% WFH | 17.6% | 125.6% |
% w/ College Degree | 55.3% | 11.7% |
As of the latest ACS Survey released in 2023, Harpswell, ME is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Harpswell, ME is hispanic, making up 1.5% of the population. Foreign-born residents account for 3.3% of the population in Harpswell, ME, and this percentage has decreased by 15.4% 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 | 95.6% | -3.2% |
% Black | 0.4% | ∞% |
% Hispanic | 1.5% | 1,400.0% |
% Asian | 1.2% | ∞% |
% Foreign Born | 3.3% | -15.4% |
Mortgage and Risk — Harpswell, ME
According to HUD data as of 2023, there were 99 mortgage originations in Harpswell, ME, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Harpswell, ME. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 30.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Harpswell, ME
Harpswell, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | -$2,230 | $4,000 | $1,770 |
| 3 Bedroom | N/A | N/A | $2,220 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Harpswell, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $698,000 |
| Median Household Income | $87,900 |