Lee, ME—04455
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lee, ME
As of Oct '25, the median home price in Lee, ME is $177,000, with a year-over-year change of 2.4%. This indicates that home prices in Lee, ME are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 2.4% |
| Single Family | $177,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 0.6% |
3 Bed | $210,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lee, ME
Lee, 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 — Lee, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Lee, ME is 67. This is a increase of 13.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $183,000 | 6.0% |
Listing Count | 14 | 144.0% |
| Listings as % of Homes | 0.7% | 144.0% |
Days on Market | 67 | 13.0% |
Demographics — Lee, ME
As of the latest ACS Survey released in 2023, Lee, ME has a population of 934, which has increased by 18.5% over the past 5 years. Lee, ME is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 10.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 934 | 18.5% |
% Under 18 | 24.6% | 18.8% |
% Seniors | 23.0% | -17.9% |
% WFH | 8.2% | 3.8% |
% w/ College Degree | 10.4% | -26.8% |
As of the latest ACS Survey released in 2023, Lee, ME is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Lee, ME is asian, making up 1.5% of the population. Foreign-born residents account for 2.4% of the population in Lee, ME, and this percentage has increased by 60.0% 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 | 92.8% | -6.2% |
% Black | 1.3% | 62.5% |
% Hispanic | 0.4% | ∞% |
% Asian | 1.5% | ∞% |
% Foreign Born | 2.4% | 60.0% |
Mortgage and Risk — Lee, ME
According to HUD data as of 2023, there were 54 mortgage originations in Lee, ME, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lee, ME. Investor activity is low, as 2.0% 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 | 54 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lee, ME
Lee, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,340 |
| 3 Bedroom | N/A | N/A | $1,690 |
| 4 Bedroom | N/A | N/A | $2,000 |
Affordability — Lee, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $177,000 |
| Median Household Income | $49,200 |