Readfield, ME—04355
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Readfield, ME
As of Oct '25, the median home price in Readfield, ME is $340,000, with a year-over-year change of 1.0%. This indicates that home prices in Readfield, ME are flat. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | 1.0% |
| Single Family | $340,000 | 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 | $331,000 | 0.6% |
3 Bed | $385,000 | 1.9% |
4 Bed | $464,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Readfield, ME
Readfield, 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 — Readfield, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Readfield, ME is 48. This is a decrease of -3.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $492,000 | -19.0% |
Listing Count | 14 | -25.0% |
| Listings as % of Homes | 0.4% | -25.0% |
Days on Market | 48 | -3.0% |
Demographics — Readfield, ME
As of the latest ACS Survey released in 2023, Readfield, ME has a population of 2,630, which has increased by 2.9% over the past 5 years. Readfield, ME is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 51.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,630 | 2.9% |
% Under 18 | 20.6% | 6.7% |
% Seniors | 19.4% | 31.1% |
% WFH | 23.5% | 170.1% |
% w/ College Degree | 51.1% | 22.5% |
As of the latest ACS Survey released in 2023, Readfield, ME is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Readfield, ME is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.9% of the population in Readfield, ME, and this percentage has increased by 5.6% 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 | 97.0% | 0.6% |
% Black | 0.3% | -50.0% |
% Hispanic | 1.4% | -17.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.9% | 5.6% |
Mortgage and Risk — Readfield, ME
According to HUD data as of 2023, there were 62 mortgage originations in Readfield, ME, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Readfield, ME. Investor activity is low, as 0.0% 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 | 62 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Readfield, ME
Readfield, 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 | $1,090 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $2,110 |
Affordability — Readfield, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $340,000 |
| Median Household Income | $88,600 |