Belgrade, ME—04917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belgrade, ME
As of Oct '25, the median home price in Belgrade, ME is $407,000, with a year-over-year change of -1.1%. This indicates that home prices in Belgrade, ME are decreasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | -1.1% |
| Single Family | $408,000 | -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 | N/A | N/A |
3 Bed | $416,000 | -1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belgrade, ME
As of July '25, Rentcast reports the average rent in Belgrade, ME is $4,650, with a year-over-year rent change of 68.5%. Per bedroom, the median rent as of July '25 in Belgrade, ME is 3-bedrooms: $5,900, 4-bedrooms: $3,400. The most common rental property sizes in Belgrade, ME are 2-bedroom and 3-bedroom, accounting for 61.2% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $4,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $5,900 | $5,900 |
| 4 Bed Rent | $3,400 | $3,400 |
% of Rental Stock
Property Listings — Belgrade, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Belgrade, ME is 97. This is a decrease of -3.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | -2.0% |
Listing Count | 30 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 97 | -3.0% |
Demographics — Belgrade, ME
As of the latest ACS Survey released in 2023, Belgrade, ME has a population of 3,300, which has increased by 16.1% over the past 5 years. Belgrade, ME is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,300 | 16.1% |
% Under 18 | 24.5% | 11.9% |
% Seniors | 26.6% | 61.2% |
% WFH | 17.9% | 1,276.9% |
% w/ College Degree | 45.7% | 58.7% |
As of the latest ACS Survey released in 2023, Belgrade, ME is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Belgrade, ME is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.8% of the population in Belgrade, ME, and this percentage has increased by 20.0% 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 | 92.4% | -6.3% |
% Black | 0.0% | N/A |
% Hispanic | 1.7% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.8% | 20.0% |
Mortgage and Risk — Belgrade, ME
According to HUD data as of 2023, there were 90 mortgage originations in Belgrade, ME, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Belgrade, ME. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Belgrade, ME
Belgrade, 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 | 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 | $860 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | -$4,510 | $5,900 | $1,390 |
| 4 Bedroom | -$1,740 | $3,400 | $1,660 |
Affordability — Belgrade, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $407,000 |
| Median Household Income | $86,000 |