Patten, ME—04765
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patten, ME
As of Oct '25, the median home price in Patten, ME is $169,000, with a year-over-year change of -3.8%. This indicates that home prices in Patten, ME are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | -3.8% |
| Single Family | $170,000 | -5.0% |
| 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 — Patten, ME
Patten, 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 — Patten, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Patten, ME is 97. This is a decrease of -20.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $194,000 | -13.0% |
Listing Count | 10 | -13.0% |
| Listings as % of Homes | 0.9% | -13.0% |
Days on Market | 97 | -20.0% |
Demographics — Patten, ME
As of the latest ACS Survey released in 2023, Patten, ME has a population of 1,450, which has increased by 35.7% over the past 5 years. Patten, ME is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,450 | 35.7% |
% Under 18 | 22.1% | 55.6% |
% Seniors | 32.0% | -8.0% |
% WFH | 21.4% | 422.0% |
% w/ College Degree | 25.1% | 39.4% |
As of the latest ACS Survey released in 2023, Patten, ME is a predominantly white area, with 97.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Patten, ME is hispanic, making up 0.2% of the population. Foreign-born residents account for 0.8% of the population in Patten, ME, and this percentage has increased by 300.0% 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 | 97.5% | -0.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.2% | -87.5% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.8% | 300.0% |
Mortgage and Risk — Patten, ME
According to HUD data as of 2023, there were 30 mortgage originations in Patten, ME, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Patten, ME. Investor activity is low, as 0.0% 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 | 30 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 37.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Patten, ME
Patten, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Patten, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $169,000 |
| Median Household Income | $47,300 |