Limerick, ME—04048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Limerick, ME
As of Oct '25, the median home price in Limerick, ME is $382,000, with a year-over-year change of 0.5%. This indicates that home prices in Limerick, ME are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $382,000 | 0.5% |
| Single Family | $382,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $399,000 | 0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Limerick, ME
Limerick, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 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 — Limerick, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Limerick, ME is 48. This is a increase of 13.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | -3.0% |
Listing Count | 22 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 48 | 13.0% |
Demographics — Limerick, ME
As of the latest ACS Survey released in 2023, Limerick, ME has a population of 3,320, which has increased by 10.3% over the past 5 years. Limerick, ME is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,320 | 10.3% |
% Under 18 | 19.0% | -15.2% |
% Seniors | 17.2% | -1.7% |
% WFH | 10.8% | 83.1% |
% w/ College Degree | 24.1% | 22.3% |
As of the latest ACS Survey released in 2023, Limerick, ME is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Limerick, ME is black, making up 3.0% of the population. Foreign-born residents account for 1.7% of the population in Limerick, ME, and this percentage has increased by 30.8% 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 | 90.3% | -5.8% |
% Black | 3.0% | 275.0% |
% Hispanic | 0.2% | -71.4% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.7% | 30.8% |
Mortgage and Risk — Limerick, ME
According to HUD data as of 2023, there were 110 mortgage originations in Limerick, ME, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Limerick, ME. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Limerick, ME
Limerick, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 26.3% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,450 | $1,370 |
| 2 Bedroom | N/A | N/A | $1,760 |
| 3 Bedroom | N/A | N/A | $2,180 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Limerick, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $382,000 |
| Median Household Income | $90,100 |