Bowdoin, ME—04287
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowdoin, ME
As of Oct '25, the median home price in Bowdoin, ME is $363,000, with a year-over-year change of -0.8%. This indicates that home prices in Bowdoin, ME are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | -0.8% |
| Single Family | $363,000 | -1.1% |
| 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 | $406,000 | -1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bowdoin, ME
Bowdoin, 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 — Bowdoin, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Bowdoin, ME is 42. This is a increase of 53.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 6.0% |
Listing Count | 4 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 42 | 53.0% |
Demographics — Bowdoin, ME
As of the latest ACS Survey released in 2023, Bowdoin, ME has a population of 3,180, which has decreased by -1.7% over the past 5 years. Bowdoin, ME is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,180 | -1.7% |
% Under 18 | 19.3% | -10.2% |
% Seniors | 17.8% | 17.9% |
% WFH | 11.3% | 370.8% |
% w/ College Degree | 32.8% | 21.9% |
As of the latest ACS Survey released in 2023, Bowdoin, ME is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Bowdoin, ME is hispanic, making up 5.3% of the population. Foreign-born residents account for 1.5% of the population in Bowdoin, ME, and this percentage has decreased by 51.6% 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 | 90.2% | -6.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 5.3% | 381.8% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.5% | -51.6% |
Mortgage and Risk — Bowdoin, ME
According to HUD data as of 2023, there were 106 mortgage originations in Bowdoin, ME, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Bowdoin, ME. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Bowdoin, ME
Bowdoin, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | N/A | N/A | $1,420 |
| 3 Bedroom | N/A | N/A | $1,910 |
| 4 Bedroom | N/A | N/A | $2,230 |
Affordability — Bowdoin, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $363,000 |
| Median Household Income | $78,200 |