Harrison, ME—04040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrison, ME
As of Oct '25, the median home price in Harrison, ME is $356,000, with a year-over-year change of -4.2%. This indicates that home prices in Harrison, ME are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | -4.3% |
| Single Family | $356,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | -4.0% |
3 Bed | $400,000 | -3.4% |
4 Bed | $562,000 | -2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harrison, ME
Harrison, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,780 | $1,780 |
| 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 — Harrison, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrison, ME is 46. This is a decrease of -17.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | -11.0% |
Listing Count | 32 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 46 | -17.0% |
Demographics — Harrison, ME
As of the latest ACS Survey released in 2023, Harrison, ME has a population of 2,960, which has decreased by -7.1% over the past 5 years. Harrison, ME is a less popular place for families, as children make up 12.5% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,960 | -7.1% |
% Under 18 | 12.5% | -20.9% |
% Seniors | 27.9% | 13.4% |
% WFH | 19.5% | 129.4% |
% w/ College Degree | 32.3% | 28.7% |
As of the latest ACS Survey released in 2023, Harrison, ME is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Harrison, ME is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.8% of the population in Harrison, ME, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.1% | -5.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | 200.0% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 1.8% | 0.0% |
Mortgage and Risk — Harrison, ME
According to HUD data as of 2023, there were 85 mortgage originations in Harrison, ME, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Harrison, ME. Investor activity is low, as 2.0% 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 | 85 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Harrison, ME
Harrison, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$730 | $1,780 | $1,050 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Harrison, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $356,000 |
| Median Household Income | $58,300 |