Litchfield, ME—04350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Litchfield, ME
As of Oct '25, the median home price in Litchfield, ME is $353,000, with a year-over-year change of 1.5%. This indicates that home prices in Litchfield, 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 | $353,000 | 1.5% |
| Single Family | $355,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $278,000 | 1.8% |
2 Bed | $331,000 | 2.8% |
3 Bed | $379,000 | 1.1% |
4 Bed | $423,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Litchfield, ME
Litchfield, 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 — Litchfield, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Litchfield, ME is 41. This is a decrease of -12.0% 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 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 | $487,000 | -10.0% |
Listing Count | 16 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 41 | -12.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,640 | 0.4% |
% Under 18 | 15.5% | -22.9% |
% Seniors | 17.6% | 0.6% |
% WFH | 25.8% | 248.6% |
% w/ College Degree | 23.5% | -4.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Litchfield, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $353,000 |
| Median Household Income | $75,300 |