Auburn, ME—04210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Auburn, ME
As of Oct '25, the median home price in Auburn, ME is $318,000, with a year-over-year change of 1.0%. This indicates that home prices in Auburn, ME are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | 1.0% |
| Single Family | $320,000 | 0.9% |
| Condos | $286,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | 0.0% |
2 Bed | $268,000 | 1.5% |
3 Bed | $331,000 | 0.9% |
4 Bed | $370,000 | 1.1% |
| 5 Bed | $398,000 | 0.5% |
% of Housing Stock
Rental Trends — Auburn, ME
As of July '25, Rentcast reports the average rent in Auburn, ME is $1,640, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Auburn, ME is 1-bedrooms: $1,220, 2-bedrooms: $1,880, 3-bedrooms: $1,930, 4-bedrooms: $2,400. The most common rental property sizes in Auburn, ME are 1-bedroom and 2-bedroom, accounting for 38.2% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,220 |
| 2 Bed Rent | $1,900 | $1,880 |
| 3 Bed Rent | $1,850 | $1,930 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Auburn, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Auburn, ME is 43. This is a increase of 4.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 2.0% |
Listing Count | 46 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 43 | 4.0% |
Demographics — Auburn, ME
As of the latest ACS Survey released in 2023, Auburn, ME has a population of 24,300, which has increased by 5.3% over the past 5 years. Auburn, ME is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 5.3% |
% Under 18 | 20.3% | -7.3% |
% Seniors | 19.2% | 14.3% |
% WFH | 11.0% | 150.0% |
% w/ College Degree | 28.9% | 1.4% |
As of the latest ACS Survey released in 2023, Auburn, ME is a predominantly white area, with 90.6% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Auburn, ME is black, making up 3.1% of the population. Foreign-born residents account for 4.1% of the population in Auburn, ME, and this percentage has increased by 24.2% 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 | 90.6% | 0.9% |
% Black | 3.1% | 138.5% |
% Hispanic | 2.3% | 21.1% |
% Asian | 1.1% | -15.4% |
% Foreign Born | 4.1% | 24.2% |
Mortgage and Risk — Auburn, ME
According to HUD data as of 2023, there were 417 mortgage originations in Auburn, ME, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Auburn, ME. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 417 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Auburn, ME
As of 2024, the percent of homes in Auburn, ME under the Section 8 program is 23.9%. 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. In Auburn, ME, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,188 |
Total Units Section 8 | 1,011 |
% Rentals under Section 8 | 23.9% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,200 | $980 |
| 2 Bedroom | -$650 | $1,900 | $1,250 |
| 3 Bedroom | -$210 | $1,850 | $1,640 |
| 4 Bedroom | -$580 | $2,400 | $1,820 |
Affordability — Auburn, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $318,000 |
| Median Household Income | $66,600 |