Turner, ME—04282
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Turner, ME
As of Oct '25, the median home price in Turner, ME is $369,000, with a year-over-year change of 0.8%. This indicates that home prices in Turner, ME are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 0.8% |
| Single Family | $368,000 | 0.5% |
| 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 | $399,000 | 2.6% |
4 Bed | $472,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Turner, ME
As of July '25, Rentcast reports the average rent in Turner, ME is $1,550, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Turner, ME is 2-bedrooms: $1,550. The most common rental property sizes in Turner, ME are 2-bedroom and 1-bedroom, accounting for 69.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,550 | $1,550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Turner, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Turner, ME is 30. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $461,000 | 6.0% |
Listing Count | 20 | 85.0% |
| Listings as % of Homes | 0.4% | 85.0% |
Days on Market | 30 | 38.0% |
Demographics — Turner, ME
As of the latest ACS Survey released in 2023, Turner, ME has a population of 5,850, which has increased by 1.4% over the past 5 years. Turner, ME is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,850 | 1.4% |
% Under 18 | 16.7% | -28.6% |
% Seniors | 24.9% | 84.4% |
% WFH | 7.5% | 368.8% |
% w/ College Degree | 19.0% | -34.9% |
As of the latest ACS Survey released in 2023, Turner, ME is a predominantly white area, with 92.7% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Turner, ME is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.7% of the population in Turner, ME, and this percentage has decreased by 61.1% 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 | 92.7% | 1.1% |
% Black | 0.6% | -14.3% |
% Hispanic | 1.0% | -79.6% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 0.7% | -61.1% |
Mortgage and Risk — Turner, ME
According to HUD data as of 2023, there were 118 mortgage originations in Turner, ME, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Turner, ME. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Turner, ME
Turner, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | $20 | $1,550 | $1,570 |
| 3 Bedroom | N/A | N/A | $2,060 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Turner, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $369,000 |
| Median Household Income | $88,000 |