Springvale, ME—04083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springvale, ME
As of Oct '25, the median home price in Springvale, ME is $362,000, with a year-over-year change of 0.7%. This indicates that home prices in Springvale, ME are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 0.7% |
| Single Family | $370,000 | 0.0% |
| Condos | $244,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $290,000 | -0.3% |
3 Bed | $374,000 | 0.3% |
4 Bed | $403,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springvale, ME
As of July '25, Rentcast reports the average rent in Springvale, ME is $1,830, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Springvale, ME is 1-bedrooms: $1,730, 2-bedrooms: $1,900, 3-bedrooms: $2,000. The most common rental property sizes in Springvale, ME are 2-bedroom and 1-bedroom, accounting for 42.0% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,730 |
| 2 Bed Rent | $1,700 | $1,900 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springvale, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Springvale, ME is 49. This is a decrease of -44.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -7.0% |
Listing Count | 20 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 49 | -44.0% |
Demographics — Springvale, ME
As of the latest ACS Survey released in 2023, Springvale, ME has a population of 4,710, which has remained stable by 1.0% over the past 5 years. Springvale, ME is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,710 | 1.0% |
% Under 18 | 21.8% | 1.4% |
% Seniors | 20.6% | 10.2% |
% WFH | 6.8% | -15.0% |
% w/ College Degree | 33.9% | 43.6% |
As of the latest ACS Survey released in 2023, Springvale, ME is a predominantly white area, with 93.3% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Springvale, ME is hispanic, making up 3.9% of the population. Foreign-born residents account for 5.6% of the population in Springvale, ME, and this percentage has increased by 180.0% 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 | 93.3% | 2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.9% | 875.0% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 5.6% | 180.0% |
Mortgage and Risk — Springvale, ME
According to HUD data as of 2023, there were 107 mortgage originations in Springvale, ME, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Springvale, ME. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 107 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Springvale, ME
Springvale, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 132 |
Total Units Section 8 | 132 |
% Rentals under Section 8 | 25.0% |
% Occupied Section 8 | 83.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $1,750 | $1,260 |
| 2 Bedroom | -$150 | $1,700 | $1,550 |
| 3 Bedroom | $50 | $2,000 | $2,050 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Springvale, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $362,000 |
| Median Household Income | $81,300 |