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  4. /Kennebunk, ME - 04043

Kennebunk, ME—04043

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$629,000
1.5% YoY Growth
Household Income
$101,000
32.9% YoY Growth
Days on Market
52
15.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$2,750
1.1% YoY Growth
1-Bed Rent
$1,750
13.5% YoY Growth
2-Bed Rent
$2,750
6.9% YoY Growth
3-Bed Rent
$3,100
3.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Kennebunk, ME

As of May '26, the median home price in Kennebunk, ME is $629,000, with a year-over-year change of 1.5%. This indicates that home prices in Kennebunk, ME are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$629,0001.5%
Single Family $690,0001.2%
Condos $527,0001.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $335,000
    -0.3%
    2 Bed
    		$478,0001.1%
    3 Bed
    		$637,0001.6%
    4 Bed
    		$836,0001.3%
    5 Bed $1,378,2070.8%
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    7.2%
    2 Bedrooms
    31.4%
    3 Bedrooms
    33.5%
    4 Bedrooms
    19.5%
    5+ Bedrooms
    5.6%

    Rental Trends — Kennebunk, ME

    As of July '25, Rentcast reports the average rent in Kennebunk, ME is $2,640, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Kennebunk, ME is 1-bedrooms: $2,120, 2-bedrooms: $2,630, 3-bedrooms: $3,300. The most common rental property sizes in Kennebunk, ME are 2-bedroom and 3-bedroom, accounting for 39.3% and 29.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,750$2,640
    Studio Rent N/AN/A
    1 Bed Rent $1,750$2,120
    2 Bed Rent $2,750$2,630
    3 Bed Rent $3,100$3,300
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    14.7%
    2 Bedrooms
    39.3%
    3 Bedrooms
    29.7%
    4 Bedrooms
    10.0%
    5+ Bedrooms
    2.4%

    Property Listings — Kennebunk, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Kennebunk, ME is 52. This is a decrease of -15.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$837,000-12.0%
    Listing Count
    		7227.0%
    Listings as % of Homes0.5%27.0%
    Days on Market
    		52-15.0%
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    Demographics — Kennebunk, ME

    As of the latest ACS Survey released in 2023, Kennebunk, ME has a population of 11,700, which has increased by 3.1% over the past 5 years. Kennebunk, ME is a moderately popular place for families, as children make up 17.9% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,7003.1%
    % Under 18
    		17.9%2.9%
    % Seniors
    		32.5%17.3%
    % WFH
    		30.4%230.4%
    % w/ College Degree
    		49.5%4.7%
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    As of the latest ACS Survey released in 2023, Kennebunk, ME is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Kennebunk, ME is hispanic, making up 2.8% of the population. Foreign-born residents account for 7.8% of the population in Kennebunk, ME, and this percentage has increased by 105.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.9%-2.5%
    % Black
    		0.0%-100.0%
    % Hispanic
    		2.8%211.1%
    % Asian
    		1.6%-11.1%
    % Foreign Born
    		7.8%105.3%
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    Mortgage and Risk — Kennebunk, ME

    According to HUD data as of 2023, there were 326 mortgage originations in Kennebunk, ME, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Kennebunk, 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

    MetricZip Code Average
    Total Loan Originations
    		326
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		9.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Kennebunk, ME

    Kennebunk, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		88
    Total Units Section 8
    		74
    % Rentals under Section 8
    		6.1%
    % Occupied Section 8
    		81.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$260$1,750$1,490
    2 Bedroom-$910$2,750$1,840
    3 Bedroom-$670$3,100$2,430
    4 BedroomN/AN/A$2,680

    Affordability — Kennebunk, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$629,000
    Median Household Income$101,000

    Kennebunk, ME — ZIP Code Boundary Map

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    Frequently Asked Questions