Farmingdale, ME—04344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmingdale, ME
As of Oct '25, the median home price in Farmingdale, ME is $318,000, with a year-over-year change of 1.1%. This indicates that home prices in Farmingdale, ME are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | 1.1% |
| Single Family | $312,000 | 0.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmingdale, ME
As of July '25, Rentcast reports the average rent in Farmingdale, ME is $1,200, with a year-over-year rent change of -52.6%. Per bedroom, the median rent as of July '25 in Farmingdale, ME is 1-bedrooms: $1,200. The most common rental property sizes in Farmingdale, ME are 2-bedroom and 3-bedroom, accounting for 49.1% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,200 |
| 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 — Farmingdale, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmingdale, ME is 69. This is a increase of 51.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 15.0% |
Listing Count | 12 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 69 | 51.0% |
Demographics — Farmingdale, ME
As of the latest ACS Survey released in 2023, Farmingdale, ME has a population of 3,000, which has increased by 2.9% over the past 5 years. Farmingdale, ME is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 40.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,000 | 2.9% |
% Under 18 | 24.1% | 14.2% |
% Seniors | 20.8% | 30.8% |
% WFH | 24.5% | 1,125.0% |
% w/ College Degree | 40.1% | 1.8% |
As of the latest ACS Survey released in 2023, Farmingdale, ME is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Farmingdale, ME is hispanic, making up 2.2% of the population. Foreign-born residents account for 2.1% of the population in Farmingdale, ME, and this percentage has increased by 75.0% 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 | 93.9% | -4.4% |
% Black | 0.0% | N/A |
% Hispanic | 2.2% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | 75.0% |
Mortgage and Risk — Farmingdale, ME
According to HUD data as of 2023, there were 57 mortgage originations in Farmingdale, ME, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Farmingdale, ME. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Farmingdale, ME
Farmingdale, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$470 | $1,250 | $780 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Farmingdale, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $318,000 |
| Median Household Income | $60,000 |