Cushing, ME—04563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cushing, ME
Cushing, ME lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $457,000 | -3.9% |
| Single Family | $457,000 | -3.6% |
| 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 — Cushing, ME
Cushing, 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 — Cushing, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Cushing, ME is 65. This is a decrease of -37.0% 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 | $645,000 | -34.0% |
Listing Count | 15 | 37.0% |
| Listings as % of Homes | 0.3% | 37.0% |
Days on Market | 65 | -37.0% |
Demographics — Cushing, ME
As of the latest ACS Survey released in 2023, Cushing, ME has a population of 1,410, which has decreased by -8.0% over the past 5 years. Cushing, ME is a moderately popular place for families, as children make up 16.0% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,410 | -8.0% |
% Under 18 | 16.0% | -28.3% |
% Seniors | 24.4% | -5.1% |
% WFH | 17.3% | 154.4% |
% w/ College Degree | 35.1% | 47.5% |
As of the latest ACS Survey released in 2023, Cushing, ME is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Cushing, ME is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.2% of the population in Cushing, ME, and this percentage has decreased by 14.3% 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 | 92.2% | -5.7% |
% Black | 0.1% | ∞% |
% Hispanic | 1.4% | 100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -14.3% |
Mortgage and Risk — Cushing, ME
According to HUD data as of 2023, there were 65 mortgage originations in Cushing, ME, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cushing, ME. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cushing, ME
Cushing, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | $1,210 |
| 2 Bedroom | N/A | N/A | $1,430 |
| 3 Bedroom | N/A | N/A | $1,790 |
| 4 Bedroom | N/A | N/A | $2,180 |
Affordability — Cushing, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $457,000 |
| Median Household Income | $68,300 |