Fayette, ME—04349
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fayette, ME
As of Oct '25, the median home price in Fayette, ME is $354,000, with a year-over-year change of 0.6%. This indicates that home prices in Fayette, ME are flat. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 0.6% |
| Single Family | $354,000 | -0.6% |
| 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 — Fayette, ME
Fayette, 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 — Fayette, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Fayette, ME is 93. This is a increase of 35.0% 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 | -6.0% |
Listing Count | 10 | 125.0% |
| Listings as % of Homes | 0.3% | 125.0% |
Days on Market | 93 | 35.0% |
Demographics — Fayette, ME
As of the latest ACS Survey released in 2023, Fayette, ME has a population of 1,340, which has increased by 28.0% over the past 5 years. Fayette, ME is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | 28.0% |
% Under 18 | 15.6% | 13.9% |
% Seniors | 40.8% | 97.1% |
% WFH | 22.1% | 1,909.1% |
% w/ College Degree | 43.5% | 52.6% |
As of the latest ACS Survey released in 2023, Fayette, ME is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Fayette, ME is hispanic, making up 1.5% of the population. Foreign-born residents account for 3.1% of the population in Fayette, ME, and this percentage has increased by 210.0% 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 | 96.1% | 2.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.5% | 200.0% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 3.1% | 210.0% |
Mortgage and Risk — Fayette, ME
According to HUD data as of 2023, there were 50 mortgage originations in Fayette, ME, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Fayette, ME. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fayette, ME
Fayette, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Fayette, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $354,000 |
| Median Household Income | $56,200 |