Cape Elizabeth, ME 04107 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cape Elizabeth, ME—04107

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$896,000

2.0% YoY Growth

Household Income

$145,000

30.2% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

1.4%

Median Rent

$3,900

7.0% YoY Growth

1-Bed Rent

$2,180

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,900

N/A

Home Price Trends — Cape Elizabeth, ME

As of May '26, the median home price in Cape Elizabeth, ME is $896,000, with a year-over-year change of 2.0%. This indicates that home prices in Cape Elizabeth, ME are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$896,000	2.0%
Single Family	$954,000	1.2%
Condos	$672,000	6.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cape Elizabeth, ME

As of July '25, Rentcast reports the average rent in Cape Elizabeth, ME is $3,670, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Cape Elizabeth, ME is 1-bedrooms: $2,180, 3-bedrooms: $3,900, 4-bedrooms: $4,300. The most common rental property sizes in Cape Elizabeth, ME are 2-bedroom and 3-bedroom, accounting for 39.5% and 34.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,900	$3,670
Studio Rent	N/A	N/A
1 Bed Rent	$2,180	$2,180
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,900	$3,900
4 Bed Rent	$3,900	$4,300

Loading chart...

% of Rental Stock

Studio

4.8%

1 Bedroom

14.0%

2 Bedrooms

39.5%

3 Bedrooms

34.5%

4 Bedrooms

3.2%

5+ Bedrooms

3.9%

Property Listings — Cape Elizabeth, ME

As of May '26, Realtor.com reports that the median days on market for a home in Cape Elizabeth, ME is 44. This is a decrease of -10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,200,000	-39.0%
Listing Count	28	36.0%
Listings as % of Homes	0.1%	36.0%
Days on Market	44	-10.0%

Loading chart...

Demographics — Cape Elizabeth, ME

As of the latest ACS Survey released in 2023, Cape Elizabeth, ME has a population of 9,580, which has increased by 5.3% over the past 5 years. Cape Elizabeth, ME is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 76.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,580	5.3%
% Under 18	23.2%	1.3%
% Seniors	25.6%	19.6%
% WFH	27.6%	90.3%
% w/ College Degree	76.9%	11.4%

Loading chart...

As of the latest ACS Survey released in 2023, Cape Elizabeth, ME is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Cape Elizabeth, ME is hispanic, making up 2.1% of the population. Foreign-born residents account for 7.1% of the population in Cape Elizabeth, ME, and this percentage has increased by 29.1% 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	95.3%	-1.2%
% Black	0.2%	∞%
% Hispanic	2.1%	320.0%
% Asian	0.5%	-68.8%
% Foreign Born	7.1%	29.1%

Loading chart...

Mortgage and Risk — Cape Elizabeth, ME

According to HUD data as of 2023, there were 208 mortgage originations in Cape Elizabeth, ME, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Cape Elizabeth, ME. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	208
% Conventional Loans	99.0%
% Government Loans	1.0%
% Investor Loans	1.0%
% Second Loans	6.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — Cape Elizabeth, ME

Cape Elizabeth, ME lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	6.7%
% Occupied Section 8	97.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$30	$2,180	$2,150
2 Bedroom	N/A	N/A	$2,760
3 Bedroom	-$520	$3,900	$3,380
4 Bedroom	-$110	$3,900	$3,790

Cape Elizabeth, ME—04107

Key Metrics at a Glance

Home Price Trends — Cape Elizabeth, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cape Elizabeth, ME

% of Rental Stock

Property Listings — Cape Elizabeth, ME

Demographics — Cape Elizabeth, ME

Race and Ethnicity

Mortgage and Risk — Cape Elizabeth, ME

Mortgages

Rentals and Section 8 — Cape Elizabeth, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Cape Elizabeth, ME

Home Price to Income Ratio

Cape Elizabeth, ME — ZIP Code Boundary Map

Nearby ZIP Codes

South Portland, ME

Portland, ME

Portland, ME

Great Diamond Island Landing

Portland, ME

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6
Median Home Price	$896,000
Median Household Income	$145,000

Cape Elizabeth, ME—04107

Key Metrics at a Glance

Home Price Trends — Cape Elizabeth, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cape Elizabeth, ME

% of Rental Stock

Property Listings — Cape Elizabeth, ME

Demographics — Cape Elizabeth, ME

Race and Ethnicity

Mortgage and Risk — Cape Elizabeth, ME

Mortgages

Rentals and Section 8 — Cape Elizabeth, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Cape Elizabeth, ME

Home Price to Income Ratio

Cape Elizabeth, ME — ZIP Code Boundary Map

Nearby ZIP Codes

South Portland, ME

Portland, ME

Portland, ME

Great Diamond Island Landing

Portland, ME

Frequently Asked Questions

What is the average home price in Cape Elizabeth, ME 04107?

How have home prices in Cape Elizabeth, ME 04107 changed over the past year?

What is the home price projection for Cape Elizabeth, ME 04107?

What are the demographics of Cape Elizabeth, ME 04107?

How long does it take homes to sell in Cape Elizabeth, ME 04107?

What is the average rent price in Cape Elizabeth, ME 04107?