Ogunquit, ME—03907
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ogunquit, ME
As of Nov '25, the median home price in Ogunquit, ME is $899,000, with a year-over-year change of -6.0%. This indicates that home prices in Ogunquit, ME are decreasing. 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 | $899,000 | -6.0% |
| Single Family | $1,050,000 | -7.0% |
| Condos | $614,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $388,000 | -8.3% |
2 Bed | $690,000 | -6.1% |
3 Bed | $1,025,000 | -6.6% |
4 Bed | $1,297,000 | -6.8% |
| 5 Bed | $1,826,182 | -4.9% |
% of Housing Stock
Rental Trends — Ogunquit, ME
As of July '25, Rentcast reports the average rent in Ogunquit, ME is $3,030, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Ogunquit, ME is 3-bedrooms: $2,300, 4-bedrooms: $3,080. The most common rental property sizes in Ogunquit, ME are 4-bedroom and 3-bedroom, accounting for 70.6% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,950 | $3,080 |
% of Rental Stock
Property Listings — Ogunquit, ME
As of Nov '25, Realtor.com reports that the median days on market for a home in Ogunquit, ME is 58. This is a increase of 61.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,420,000 | -23.0% |
Listing Count | 28 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 58 | 61.0% |
Demographics — Ogunquit, ME
As of the latest ACS Survey released in 2023, Ogunquit, ME has a population of 1,260, which has increased by 8.7% over the past 5 years. Ogunquit, ME is a less popular place for families, as children make up 6.1% of the population. The area has a highly educated workforce, with 68.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 44.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,260 | 8.7% |
% Under 18 | 6.1% | -21.8% |
% Seniors | 47.5% | 24.3% |
% WFH | 44.2% | 145.6% |
% w/ College Degree | 68.2% | 17.4% |
As of the latest ACS Survey released in 2023, Ogunquit, ME is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Ogunquit, ME is hispanic, making up 1.3% of the population. Foreign-born residents account for 2.8% of the population in Ogunquit, ME, and this percentage has decreased by 51.7% 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 | 95.7% | -2.9% |
% Black | 0.0% | N/A |
% Hispanic | 1.3% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.8% | -51.7% |
Mortgage and Risk — Ogunquit, ME
According to HUD data as of 2023, there were 50 mortgage originations in Ogunquit, ME, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Ogunquit, ME. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 8.0% |
% Second Loans | 36.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Ogunquit, ME
Ogunquit, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $1,900 |
| 2 Bedroom | N/A | N/A | $2,340 |
| 3 Bedroom | $790 | $2,300 | $3,090 |
| 4 Bedroom | $460 | $2,950 | $3,410 |
Affordability — Ogunquit, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $899,000 |
| Median Household Income | $104,000 |