Windham, ME 04062 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Windham, ME—04062

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$468,000

0.6% YoY Growth

Household Income

$98,900

29.0% YoY Growth

Days on Market

29.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

$2,380

0.5% YoY Growth

1-Bed Rent

$1,680

N/A

2-Bed Rent

$2,380

0.9% YoY Growth

3-Bed Rent

$2,600

69.4% YoY Growth

Home Price Trends — Windham, ME

As of Dec '25, the median home price in Windham, ME is $468,000, with a year-over-year change of 0.6%. This indicates that home prices in Windham, ME are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$468,000	0.6%
Single Family	$485,000	0.6%
Condos	$365,000	2.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Windham, ME

As of July '25, Rentcast reports the average rent in Windham, ME is $2,220, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Windham, ME is studios: $1,300, 1-bedrooms: $1,840, 2-bedrooms: $2,230, 3-bedrooms: $3,050, 4-bedrooms: $2,580. The most common rental property sizes in Windham, ME are 2-bedroom and 1-bedroom, accounting for 53.0% and 26.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,380	$2,220
Studio Rent	$1,300	$1,300
1 Bed Rent	$1,680	$1,840
2 Bed Rent	$2,380	$2,230
3 Bed Rent	$2,600	$3,050
4 Bed Rent	$2,450	$2,580

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% of Rental Stock

1 Bedroom

26.9%

2 Bedrooms

53.0%

3 Bedrooms

16.5%

4 Bedrooms

3.5%

Property Listings — Windham, ME

As of Dec '25, Realtor.com reports that the median days on market for a home in Windham, ME is 43. This is a decrease of -7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$550,000	-4.0%
Listing Count	41	1.0%
Listings as % of Homes	0.4%	1.0%
Days on Market	42	-29.0%

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Demographics — Windham, ME

As of the latest ACS Survey released in 2023, Windham, ME has a population of 19,000, which has increased by 4.2% over the past 5 years. Windham, ME is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 42.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,000	4.2%
% Under 18	19.0%	-8.2%
% Seniors	16.4%	10.1%
% WFH	15.5%	154.1%
% w/ College Degree	42.1%	25.3%

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As of the latest ACS Survey released in 2023, Windham, ME is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Windham, ME is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.6% of the population in Windham, ME, and this percentage has increased by 44.4% 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	89.1%	-6.5%
% Black	0.6%	-50.0%
% Hispanic	2.3%	360.0%
% Asian	2.2%	∞%
% Foreign Born	2.6%	44.4%

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Mortgage and Risk — Windham, ME

According to HUD data as of 2023, there were 486 mortgage originations in Windham, ME, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Windham, ME. Investor activity is low, as 2.0% 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	486
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Windham, ME

As of 2024, the percent of homes in Windham, ME under the Section 8 program is 16.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Windham, ME, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	254
Total Units Section 8	206
% Rentals under Section 8	16.8%
% Occupied Section 8	84.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$1,680	$1,370
2 Bedroom	-$620	$2,380	$1,760
3 Bedroom	-$420	$2,600	$2,180
4 Bedroom	$20	$2,450	$2,470

Windham, ME—04062

Key Metrics at a Glance

Home Price Trends — Windham, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Windham, ME

% of Rental Stock

Property Listings — Windham, ME

Demographics — Windham, ME

Race and Ethnicity

Mortgage and Risk — Windham, ME

Mortgages

Rentals and Section 8 — Windham, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Windham, ME

Home Price to Income Ratio

Windham, ME — ZIP Code Boundary Map

Nearby ZIP Codes

Gray, ME

Gorham, ME

Westbrook, ME

Raymond, ME

Falmouth, ME

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$468,000
Median Household Income	$98,900

Windham, ME—04062

Key Metrics at a Glance

Home Price Trends — Windham, ME

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Windham, ME

% of Rental Stock

Property Listings — Windham, ME

Demographics — Windham, ME

Race and Ethnicity

Mortgage and Risk — Windham, ME

Mortgages

Rentals and Section 8 — Windham, ME

Section 8 Market Size

Section 8 Opportunity

Affordability — Windham, ME

Home Price to Income Ratio

Windham, ME — ZIP Code Boundary Map

Nearby ZIP Codes

Gray, ME

Gorham, ME

Westbrook, ME

Raymond, ME

Falmouth, ME

Frequently Asked Questions

What is the average home price in Windham, ME 04062?

How have home prices in Windham, ME 04062 changed over the past year?

What is the home price projection for Windham, ME 04062?

What are the demographics of Windham, ME 04062?

How long does it take homes to sell in Windham, ME 04062?

What is the average rent price in Windham, ME 04062?