Mechanic Falls, ME—04256
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mechanic Falls, ME
As of Oct '25, the median home price in Mechanic Falls, ME is $293,000, with a year-over-year change of 8.5%. This indicates that home prices in Mechanic Falls, ME are increasing. 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 | $293,000 | 8.5% |
| Single Family | $293,000 | 8.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $321,000 | 6.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mechanic Falls, ME
Mechanic Falls, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Mechanic Falls, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanic Falls, ME is 31. This is a decrease of -57.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | 4.0% |
Listing Count | 11 | 35.0% |
| Listings as % of Homes | 0.1% | 35.0% |
Days on Market | 31 | -57.0% |
Demographics — Mechanic Falls, ME
As of the latest ACS Survey released in 2023, Mechanic Falls, ME has a population of 3,110, which has increased by 5.9% over the past 5 years. Mechanic Falls, ME is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,110 | 5.9% |
% Under 18 | 28.6% | 27.7% |
% Seniors | 14.3% | -32.5% |
% WFH | 1.2% | -68.4% |
% w/ College Degree | 15.4% | 20.3% |
As of the latest ACS Survey released in 2023, Mechanic Falls, ME is a predominantly white area, with 78.4% of the population identifying as white. The white population has shrunk by 18.4% in the last 5 years. The second most common race or ethnicity in Mechanic Falls, ME is black, making up 3.9% of the population. Foreign-born residents account for 1.9% of the population in Mechanic Falls, ME, and this percentage has decreased by 20.8% 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 | 78.4% | -18.4% |
% Black | 3.9% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.7% | 183.3% |
% Foreign Born | 1.9% | -20.8% |
Mortgage and Risk — Mechanic Falls, ME
According to HUD data as of 2023, there were 116 mortgage originations in Mechanic Falls, ME, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Mechanic Falls, ME. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mechanic Falls, ME
Mechanic Falls, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | N/A | N/A | $1,560 |
| 3 Bedroom | N/A | N/A | $2,050 |
| 4 Bedroom | N/A | N/A | $2,270 |
Affordability — Mechanic Falls, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $293,000 |
| Median Household Income | $59,000 |