Durham, ME—04222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Durham, ME
As of Oct '25, the median home price in Durham, ME is $447,000, with a year-over-year change of 3.1%. This indicates that home prices in Durham, ME are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $447,000 | 3.1% |
| Single Family | $447,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $359,000 | 1.4% |
3 Bed | $456,000 | 3.2% |
4 Bed | $523,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Durham, ME
Durham, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,900 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Durham, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Durham, ME is 29. This is a decrease of -15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $676,000 | 14.0% |
Listing Count | 11 | 73.0% |
| Listings as % of Homes | 0.4% | 73.0% |
Days on Market | 29 | -15.0% |
Demographics — Durham, ME
As of the latest ACS Survey released in 2023, Durham, ME has a population of 4,200, which has increased by 6.9% over the past 5 years. Durham, ME is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 6.9% |
% Under 18 | 20.4% | -19.0% |
% Seniors | 15.7% | 0.6% |
% WFH | 18.1% | 94.6% |
% w/ College Degree | 36.9% | -10.2% |
As of the latest ACS Survey released in 2023, Durham, ME is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Durham, ME is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.4% of the population in Durham, ME, and this percentage has increased by 250.0% 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 | 94.5% | -2.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.1% | 287.5% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 1.4% | 250.0% |
Mortgage and Risk — Durham, ME
According to HUD data as of 2023, there were 90 mortgage originations in Durham, ME, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Durham, ME. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Durham, ME
Durham, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$710 | $1,900 | $1,190 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | N/A | N/A | $1,990 |
| 4 Bedroom | N/A | N/A | $2,210 |
Affordability — Durham, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $447,000 |
| Median Household Income | $96,500 |