Kittery, ME—03904
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Kittery, ME
Home Price Trends — Kittery, ME
As of Nov '25, the median home price in Kittery, ME is $623,000, with a year-over-year change of 1.2%. This indicates that home prices in Kittery, ME are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $623,000 | 1.2% |
| Single Family | $622,000 | 1.5% |
| Condos | $632,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $440,000 | 2.3% |
2 Bed | $535,000 | 2.7% |
3 Bed | $645,000 | 1.3% |
4 Bed | $714,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kittery, ME
As of July '25, Rentcast reports the average rent in Kittery, ME is $2,850, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Kittery, ME is 1-bedrooms: $2,030, 2-bedrooms: $3,480, 3-bedrooms: $3,870, 4-bedrooms: $4,100. The most common rental property sizes in Kittery, ME are 2-bedroom and 3-bedroom, accounting for 40.3% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,030 |
| 2 Bed Rent | $3,000 | $3,480 |
| 3 Bed Rent | $3,700 | $3,870 |
| 4 Bed Rent | $4,100 | $4,100 |
% of Rental Stock
Property Listings — Kittery, ME
As of Nov '25, Realtor.com reports that the median days on market for a home in Kittery, ME is 71. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer 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 | $1,060,000 | 53.0% |
Listing Count | 23 | 15.0% |
| Listings as % of Homes | 0.1% | 15.0% |
Days on Market | 71 | 23.0% |
Demographics — Kittery, ME
As of the latest ACS Survey released in 2023, Kittery, ME has a population of 8,310, which has increased by 5.7% over the past 5 years. Kittery, ME is a less popular place for families, as children make up 13.5% of the population. The area has a moderately educated workforce, with 40.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,310 | 5.7% |
% Under 18 | 13.5% | -23.7% |
% Seniors | 26.2% | 24.2% |
% WFH | 19.8% | 280.8% |
% w/ College Degree | 40.1% | 3.1% |
As of the latest ACS Survey released in 2023, Kittery, ME is a predominantly white area, with 89.9% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Kittery, ME is hispanic, making up 2.6% of the population. Foreign-born residents account for 3.4% of the population in Kittery, ME, and this percentage has decreased by 8.1% 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 | 89.9% | 0.2% |
% Black | 2.4% | 33.3% |
% Hispanic | 2.6% | -45.8% |
% Asian | 1.8% | -25.0% |
% Foreign Born | 3.4% | -8.1% |
Mortgage and Risk — Kittery, ME
According to HUD data as of 2023, there were 193 mortgage originations in Kittery, ME, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Kittery, ME. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — Kittery, ME
As of 2024, the percent of homes in Kittery, ME under the Section 8 program is 7.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Kittery, ME, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 124 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$600 | $2,200 | $1,600 |
| 2 Bedroom | -$940 | $3,000 | $2,060 |
| 3 Bedroom | -$1,030 | $3,700 | $2,670 |
| 4 Bedroom | -$640 | $4,100 | $3,460 |
Affordability — Kittery, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $623,000 |
| Median Household Income | $74,600 |