View in Interactive Map

Litchfield, ME—04350

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$363,000
1.9% YoY Growth
Household Income
$75,300
8.4% YoY Growth
Days on Market
46
69.0% Shorter YoY
Home Price Forecast
1.1%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Litchfield, ME

As of May '26, the median home price in Litchfield, ME is $363,000, with a year-over-year change of 1.9%. This indicates that home prices in Litchfield, ME are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$363,0001.9%
Single Family $364,0002.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $283,000
    1.8%
    2 Bed
    		$340,0002.7%
    3 Bed
    		$389,0001.0%
    4 Bed
    		$431,0000.5%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    5.1%
    2 Bedrooms
    35.1%
    3 Bedrooms
    46.1%
    4 Bedrooms
    11.8%
    5+ Bedrooms
    1.6%

    Rental Trends — Litchfield, ME

    Litchfield, ME lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    13.1%
    2 Bedrooms
    48.8%
    3 Bedrooms
    26.2%
    4 Bedrooms
    11.9%

    Property Listings — Litchfield, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Litchfield, ME is 46. This is a decrease of -69.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$460,000-9.0%
    Listing Count
    		90.0%
    Listings as % of Homes0.3%0.0%
    Days on Market
    		46-69.0%
    Loading chart...

    Demographics — Litchfield, ME

    As of the latest ACS Survey released in 2023, Litchfield, ME has a population of 3,640, which has remained stable by 0.4% over the past 5 years. Litchfield, ME is a moderately popular place for families, as children make up 15.5% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,6400.4%
    % Under 18
    		15.5%-22.9%
    % Seniors
    		17.6%0.6%
    % WFH
    		25.8%248.6%
    % w/ College Degree
    		23.5%-4.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Litchfield, ME is a predominantly white area, with 97.9% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Litchfield, ME is asian, making up 0.2% of the population. Foreign-born residents account for 1.8% of the population in Litchfield, ME, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		97.9%-0.9%
    % Black
    		0.1%∞%
    % Hispanic
    		0.0%N/A
    % Asian
    		0.2%-80.0%
    % Foreign Born
    		1.8%28.6%
    Loading chart...

    Mortgage and Risk — Litchfield, ME

    According to HUD data as of 2023, there were 71 mortgage originations in Litchfield, ME, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Litchfield, ME. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		71
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		15.0%
    % Cash Out Refinance
    		4.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Litchfield, ME

    Litchfield, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		7
    Total Units Section 8
    		7
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$920
    2 BedroomN/AN/A$1,190
    3 BedroomN/AN/A$1,490
    4 BedroomN/AN/A$1,780

    Affordability — Litchfield, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$363,000
    Median Household Income$75,300

    Litchfield, ME — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Monmouth, ME

    04259

    Bowdoin, ME

    04287

    Richmond, ME

    04357

    Sabattus, ME

    04280

    Bowdoinham, ME

    04008

    Frequently Asked Questions