Carroll Plantation, ME—04487
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carroll Plantation, ME
As of Oct '25, the median home price in Carroll Plantation, ME is $176,000, with a year-over-year change of -3.6%. This indicates that home prices in Carroll Plantation, ME are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | -3.6% |
| Single Family | $178,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Carroll Plantation, ME
Carroll Plantation, 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 — Carroll Plantation, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Carroll Plantation, ME is 50. This is a decrease of -50.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -12.0% |
Listing Count | 15 | 17.0% |
| Listings as % of Homes | 1.4% | 17.0% |
Days on Market | 50 | -50.0% |
Demographics — Carroll Plantation, ME
As of the latest ACS Survey released in 2023, Carroll Plantation, ME has a population of 742, which has decreased by -19.7% over the past 5 years. Carroll Plantation, ME is a less popular place for families, as children make up 8.9% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 742 | -19.7% |
% Under 18 | 8.9% | -48.0% |
% Seniors | 24.9% | 17.5% |
% WFH | 12.1% | 278.1% |
% w/ College Degree | 11.0% | 7.8% |
As of the latest ACS Survey released in 2023, Carroll Plantation, ME is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Carroll Plantation, ME is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.8% of the population in Carroll Plantation, ME, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.1% | -4.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.2% | 100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | -33.3% |
Mortgage and Risk — Carroll Plantation, ME
According to HUD data as of 2023, there were 24 mortgage originations in Carroll Plantation, ME, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Carroll Plantation, 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 | 24 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 42.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Carroll Plantation, ME
Carroll Plantation, 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 | $1,020 |
| 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 — Carroll Plantation, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $176,000 |
| Median Household Income | $41,100 |