Monmouth, ME—04259
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Monmouth, ME
Home Price Trends — Monmouth, ME
As of Oct '25, the median home price in Monmouth, ME is $356,000, with a year-over-year change of 0.1%. This indicates that home prices in Monmouth, ME are flat. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 0.1% |
| Single Family | $356,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $342,000 | -0.6% |
3 Bed | $370,000 | 0.3% |
4 Bed | $418,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monmouth, ME
Monmouth, ME lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Monmouth, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Monmouth, ME is 119. This is a increase of 190.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $697,000 | -3.0% |
Listing Count | 10 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 119 | 190.0% |
Demographics — Monmouth, ME
As of the latest ACS Survey released in 2023, Monmouth, ME has a population of 3,490, which has increased by 8.9% over the past 5 years. Monmouth, ME is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,490 | 8.9% |
% Under 18 | 19.2% | -5.9% |
% Seniors | 18.1% | 9.0% |
% WFH | 19.5% | 457.1% |
% w/ College Degree | 35.8% | 86.5% |
As of the latest ACS Survey released in 2023, Monmouth, ME is a predominantly white area, with 93.8% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Monmouth, ME is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.9% of the population in Monmouth, ME, and this percentage has increased by 46.2% 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 | 93.8% | 0.0% |
% Black | 0.7% | 40.0% |
% Hispanic | 2.5% | 525.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | 46.2% |
Mortgage and Risk — Monmouth, ME
According to HUD data as of 2023, there were 90 mortgage originations in Monmouth, ME, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Monmouth, ME. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Monmouth, ME
Monmouth, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Monmouth, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $356,000 |
| Median Household Income | $94,900 |