Vassalboro, ME—04989
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vassalboro, ME
As of Oct '25, the median home price in Vassalboro, ME is $337,000, with a year-over-year change of 1.5%. This indicates that home prices in Vassalboro, ME are increasing. 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 | $337,000 | 1.5% |
| Single Family | $338,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $365,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Vassalboro, ME
As of July '25, Rentcast reports the average rent in Vassalboro, ME is $895, with a year-over-year rent change of -47.4%. Per bedroom, the median rent as of July '25 in Vassalboro, ME is 1-bedrooms: $895. The most common rental property sizes in Vassalboro, ME are 3-bedroom and 2-bedroom, accounting for 35.2% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $895 |
| 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 — Vassalboro, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Vassalboro, ME is 90. This is a increase of 63.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 6.0% |
Listing Count | 24 | 89.0% |
| Listings as % of Homes | 0.3% | 89.0% |
Days on Market | 90 | 63.0% |
Demographics — Vassalboro, ME
As of the latest ACS Survey released in 2023, Vassalboro, ME has a population of 4,540, which has increased by 10.0% over the past 5 years. Vassalboro, 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 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,540 | 10.0% |
% Under 18 | 19.2% | -16.5% |
% Seniors | 21.2% | 35.9% |
% WFH | 11.1% | 117.6% |
% w/ College Degree | 30.5% | 45.2% |
As of the latest ACS Survey released in 2023, Vassalboro, ME is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Vassalboro, ME is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.2% of the population in Vassalboro, ME, and this percentage has increased by 71.4% 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 | 94.9% | 0.2% |
% Black | 0.0% | N/A |
% Hispanic | 1.9% | 11.8% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.2% | 71.4% |
Mortgage and Risk — Vassalboro, ME
According to HUD data as of 2023, there were 95 mortgage originations in Vassalboro, ME, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Vassalboro, ME. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Vassalboro, ME
Vassalboro, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% 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 | $75 | $895 | $970 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $1,870 |
Affordability — Vassalboro, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $337,000 |
| Median Household Income | $74,800 |