Augusta, ME—04330
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Augusta, ME
As of Oct '25, the median home price in Augusta, ME is $283,000, with a year-over-year change of -1.6%. This indicates that home prices in Augusta, ME are decreasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | -1.6% |
| Single Family | $285,000 | -2.1% |
| Condos | $233,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $198,000 | -7.0% |
2 Bed | $245,000 | -1.6% |
3 Bed | $294,000 | -1.3% |
4 Bed | $326,000 | -0.9% |
| 5 Bed | $365,000 | -0.5% |
% of Housing Stock
Rental Trends — Augusta, ME
As of July '25, Rentcast reports the average rent in Augusta, ME is $1,690, with a year-over-year rent change of 15.8%. Per bedroom, the median rent as of July '25 in Augusta, ME is studios: $1,200, 1-bedrooms: $1,240, 2-bedrooms: $1,630, 3-bedrooms: $2,610, 4-bedrooms: $2,500. The most common rental property sizes in Augusta, ME are 1-bedroom and 2-bedroom, accounting for 35.9% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,690 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,200 | $1,240 |
| 2 Bed Rent | $1,500 | $1,630 |
| 3 Bed Rent | $1,800 | $2,610 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Augusta, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Augusta, ME is 54. This is a decrease of -5.0% 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 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 | $325,000 | -14.0% |
Listing Count | 88 | 42.0% |
| Listings as % of Homes | 0.3% | 42.0% |
Days on Market | 54 | -5.0% |
Demographics — Augusta, ME
As of the latest ACS Survey released in 2023, Augusta, ME has a population of 26,500, which has increased by 3.2% over the past 5 years. Augusta, ME is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | 3.2% |
% Under 18 | 18.9% | 2.7% |
% Seniors | 21.9% | 6.8% |
% WFH | 13.3% | 216.7% |
% w/ College Degree | 28.1% | 14.2% |
As of the latest ACS Survey released in 2023, Augusta, ME is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Augusta, ME is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.8% of the population in Augusta, ME, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.2% | -3.3% |
% Black | 1.4% | 55.6% |
% Hispanic | 2.3% | 64.3% |
% Asian | 1.3% | 44.4% |
% Foreign Born | 2.8% | 0.0% |
Mortgage and Risk — Augusta, ME
According to HUD data as of 2023, there were 518 mortgage originations in Augusta, ME, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Augusta, ME. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 518 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Augusta, ME
Augusta, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 999 |
Total Units Section 8 | 893 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,200 | $890 |
| 2 Bedroom | -$390 | $1,500 | $1,110 |
| 3 Bedroom | -$380 | $1,800 | $1,420 |
| 4 Bedroom | -$840 | $2,500 | $1,660 |
Affordability — Augusta, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $283,000 |
| Median Household Income | $55,200 |