Westbrook, ME—04092
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westbrook, ME
As of Oct '25, the median home price in Westbrook, ME is $442,000, with a year-over-year change of -1.0%. This indicates that home prices in Westbrook, ME are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | -1.0% |
| Single Family | $449,000 | -1.1% |
| Condos | $386,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | -1.8% |
3 Bed | $456,000 | -1.3% |
4 Bed | $505,000 | -0.4% |
| 5 Bed | $581,000 | -0.5% |
% of Housing Stock
Rental Trends — Westbrook, ME
As of July '25, Rentcast reports the average rent in Westbrook, ME is $2,220, with a year-over-year rent change of 12.7%. Per bedroom, the median rent as of July '25 in Westbrook, ME is studios: $1,900, 1-bedrooms: $1,930, 2-bedrooms: $1,990, 3-bedrooms: $2,850. The most common rental property sizes in Westbrook, ME are 1-bedroom and 2-bedroom, accounting for 44.4% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,220 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $2,000 | $1,930 |
| 2 Bed Rent | $2,000 | $1,990 |
| 3 Bed Rent | $2,750 | $2,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Westbrook, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Westbrook, ME is 23. This is a decrease of -43.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $506,000 | 0.0% |
Listing Count | 38 | 8.0% |
| Listings as % of Homes | 0.1% | 8.0% |
Days on Market | 23 | -43.0% |
Demographics — Westbrook, ME
As of the latest ACS Survey released in 2023, Westbrook, ME has a population of 20,500, which has increased by 11.2% over the past 5 years. Westbrook, ME is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | 11.2% |
% Under 18 | 18.5% | 1.6% |
% Seniors | 17.6% | 4.1% |
% WFH | 18.1% | 364.1% |
% w/ College Degree | 39.8% | 25.6% |
As of the latest ACS Survey released in 2023, Westbrook, ME is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Westbrook, ME is black, making up 5.3% of the population. Foreign-born residents account for 10.5% of the population in Westbrook, ME, and this percentage has increased by 72.1% 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 | 81.3% | -10.6% |
% Black | 5.3% | 120.8% |
% Hispanic | 2.1% | 0.0% |
% Asian | 3.5% | 218.2% |
% Foreign Born | 10.5% | 72.1% |
Mortgage and Risk — Westbrook, ME
According to HUD data as of 2023, there were 408 mortgage originations in Westbrook, ME, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Westbrook, 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 | 408 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Westbrook, ME
Westbrook, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,205 |
Total Units Section 8 | 1,205 |
% Rentals under Section 8 | 37.5% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $2,000 | $1,440 |
| 2 Bedroom | -$150 | $2,000 | $1,850 |
| 3 Bedroom | -$480 | $2,750 | $2,270 |
| 4 Bedroom | N/A | N/A | $2,540 |
Affordability — Westbrook, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $442,000 |
| Median Household Income | $85,900 |