Albion, ME—04910
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Albion, ME
As of Oct '25, the median home price in Albion, ME is $264,000, with a year-over-year change of 3.6%. This indicates that home prices in Albion, ME are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 3.6% |
| Single Family | $264,000 | 3.1% |
| 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 — Albion, ME
Albion, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,200 |
| 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 — Albion, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Albion, ME is 59. This is a decrease of -33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | 7.0% |
Listing Count | 8 | 44.0% |
| Listings as % of Homes | 0.3% | 44.0% |
Days on Market | 59 | -33.0% |
Demographics — Albion, ME
As of the latest ACS Survey released in 2023, Albion, ME has a population of 2,360, which has increased by 15.0% over the past 5 years. Albion, ME is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | 15.0% |
% Under 18 | 15.4% | -13.0% |
% Seniors | 25.1% | 32.8% |
% WFH | 10.9% | -0.9% |
% w/ College Degree | 19.6% | 3.7% |
As of the latest ACS Survey released in 2023, Albion, ME is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Albion, ME is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.6% of the population in Albion, ME, and this percentage has decreased by 66.7% 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 | 95.3% | -0.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.4% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -66.7% |
Mortgage and Risk — Albion, ME
According to HUD data as of 2023, there were 21 mortgage originations in Albion, ME, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Albion, ME. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Albion, ME
Albion, 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 | $1,060 |
| 2 Bedroom | N/A | N/A | $1,370 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Albion, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $264,000 |
| Median Household Income | $57,400 |