Bath, ME—04530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bath, ME
As of Oct '25, the median home price in Bath, ME is $402,000, with a year-over-year change of 1.9%. This indicates that home prices in Bath, ME are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $402,000 | 1.9% |
| Single Family | $408,000 | 1.2% |
| Condos | $257,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $372,000 | 1.1% |
2 Bed | $337,000 | 1.8% |
3 Bed | $394,000 | 0.8% |
4 Bed | $505,000 | 2.0% |
| 5 Bed | $669,000 | 2.3% |
% of Housing Stock
Rental Trends — Bath, ME
As of July '25, Rentcast reports the average rent in Bath, ME is $2,100, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Bath, ME is studios: $1,350, 1-bedrooms: $1,420, 2-bedrooms: $1,800, 3-bedrooms: $2,200, 4-bedrooms: $3,200. The most common rental property sizes in Bath, ME are 1-bedroom and 2-bedroom, accounting for 44.4% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,100 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,300 | $1,420 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,900 | $2,200 |
| 4 Bed Rent | $2,600 | $3,200 |
% of Rental Stock
Property Listings — Bath, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Bath, ME is 47. This is a increase of 33.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | -5.0% |
Listing Count | 39 | 59.0% |
| Listings as % of Homes | 0.2% | 59.0% |
Days on Market | 47 | 33.0% |
Demographics — Bath, ME
As of the latest ACS Survey released in 2023, Bath, ME has a population of 11,600, which has increased by 6.2% over the past 5 years. Bath, ME is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | 6.2% |
% Under 18 | 16.3% | -22.0% |
% Seniors | 25.8% | 27.7% |
% WFH | 14.3% | 78.7% |
% w/ College Degree | 42.7% | 17.3% |
As of the latest ACS Survey released in 2023, Bath, ME is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bath, ME is asian, making up 1.2% of the population. Foreign-born residents account for 3.1% of the population in Bath, ME, and this percentage has decreased by 16.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -0.7% |
% Black | 0.4% | -50.0% |
% Hispanic | 0.7% | -41.7% |
% Asian | 1.2% | 1,100.0% |
% Foreign Born | 3.1% | -16.2% |
Mortgage and Risk — Bath, ME
According to HUD data as of 2023, there were 173 mortgage originations in Bath, ME, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Bath, ME. Investor activity is low, as 6.0% 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 | 173 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 6.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bath, ME
As of 2024, the percent of homes in Bath, ME under the Section 8 program is 31.0%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Bath, ME, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 540 |
Total Units Section 8 | 540 |
% Rentals under Section 8 | 31.0% |
% Occupied Section 8 | 83.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,300 | $1,110 |
| 2 Bedroom | -$440 | $1,800 | $1,360 |
| 3 Bedroom | $10 | $1,900 | $1,910 |
| 4 Bedroom | -$320 | $2,600 | $2,280 |
Affordability — Bath, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $402,000 |
| Median Household Income | $78,500 |