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Lewiston, ME—04240

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$305,000
1.7% YoY Growth
Household Income
$56,600
36.7% YoY Growth
Days on Market
22
20.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$1,500
4.3% YoY Growth
1-Bed Rent
$1,150
3.5% YoY Growth
2-Bed Rent
$1,500
7.7% YoY Growth
3-Bed Rent
$1,700
5.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lewiston, ME

As of May '26, the median home price in Lewiston, ME is $305,000, with a year-over-year change of 1.7%. This indicates that home prices in Lewiston, 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
$305,0001.7%
Single Family $306,0001.7%
Condos $269,0003.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$268,0001.1%
    3 Bed
    		$314,0001.9%
    4 Bed
    		$348,0001.5%
    5 Bed $389,1401.0%
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    15.6%
    2 Bedrooms
    33.7%
    3 Bedrooms
    34.0%
    4 Bedrooms
    11.3%
    5+ Bedrooms
    1.9%

    Rental Trends — Lewiston, ME

    As of July '25, Rentcast reports the average rent in Lewiston, ME is $1,560, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Lewiston, ME is studios: $988, 1-bedrooms: $1,170, 2-bedrooms: $1,550, 3-bedrooms: $1,790, 4-bedrooms: $2,120. The most common rental property sizes in Lewiston, ME are 2-bedroom and 1-bedroom, accounting for 44.3% and 27.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,560
    Studio Rent $975$988
    1 Bed Rent $1,150$1,170
    2 Bed Rent $1,500$1,550
    3 Bed Rent $1,700$1,790
    4 Bed Rent $1,950$2,120
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    % of Rental Stock

    Studio
    5.8%
    1 Bedroom
    27.2%
    2 Bedrooms
    44.3%
    3 Bedrooms
    18.7%
    4 Bedrooms
    3.5%
    5+ Bedrooms
    0.4%

    Property Listings — Lewiston, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Lewiston, ME is 22. This is a decrease of -20.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$378,00010.0%
    Listing Count
    		5128.0%
    Listings as % of Homes0.1%28.0%
    Days on Market
    		22-20.0%
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    Demographics — Lewiston, ME

    As of the latest ACS Survey released in 2023, Lewiston, ME has a population of 37,900, which has increased by 5.0% over the past 5 years. Lewiston, ME is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		37,9005.0%
    % Under 18
    		21.6%13.7%
    % Seniors
    		18.2%0.0%
    % WFH
    		11.2%194.7%
    % w/ College Degree
    		21.7%17.3%
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    As of the latest ACS Survey released in 2023, Lewiston, ME is a predominantly white area, with 80.1% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Lewiston, ME is black, making up 11.0% of the population. Foreign-born residents account for 9.7% of the population in Lewiston, ME, and this percentage has increased by 59.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.1%-7.0%
    % Black
    		11.0%111.5%
    % Hispanic
    		3.0%30.4%
    % Asian
    		1.7%54.5%
    % Foreign Born
    		9.7%59.0%
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    Mortgage and Risk — Lewiston, ME

    According to HUD data as of 2023, there were 501 mortgage originations in Lewiston, ME, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Lewiston, ME. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		501
    % Conventional Loans
    		66.0%
    % Government Loans
    		34.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Lewiston, ME

    As of 2024, the percent of homes in Lewiston, ME under the Section 8 program is 26.3%. 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 Lewiston, 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
    		2,665
    Total Units Section 8
    		2,071
    % Rentals under Section 8
    		26.3%
    % Occupied Section 8
    		75.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$170$1,150$980
    2 Bedroom-$250$1,500$1,250
    3 Bedroom-$60$1,700$1,640
    4 Bedroom-$130$1,950$1,820

    Affordability — Lewiston, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$305,000
    Median Household Income$56,600

    Lewiston, ME — ZIP Code Boundary Map

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    Frequently Asked Questions