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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lewiston, ME Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lewiston, ME Housing Market Trends

With a population of 38,493, 15,611 total housing units (homes and apartments), and a median house value of $294,404, Lewiston real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lewiston, accounting for 43.20% of the city's housing units. Other types of housing that are prevalent in Lewiston include large apartment complexes or high rise apartments ( 29.12%), duplexes, homes converted to apartments or other small apartment buildings ( 23.43%), and a few mobile homes or trailers ( 3.00%).

People in Lewiston primarily live in small (one, two or no bedroom) single-family detached homes. Lewiston has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lewiston's housing was primarily built during this period, from the '40s through the '60s. A full 33.66% of the city's housing hails from this era. Other housing ages represented in Lewiston include homes built before 1939 ( 33.60%) and housing constructed between 1970-1999 ( 24.91%). There's also some housing in Lewiston built between 2000 and later ( 7.84%).

Lewiston Home Appreciation Rates

Appreciation rates for homes in Lewiston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.49%, which ranks in the top 30% nationwide. This equates to an annual average Lewiston house appreciation rate of 7.62%.

Over the last year, Lewiston appreciation rates have trailed the rest of the nation. In the last twelve months, Lewiston's appreciation rate has been 2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lewiston were at 3.49%, which equates to an annual appreciation rate of 14.71%.

Importantly, this makes Lewiston one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Maine, our data show that Lewiston's latest annual appreciation rate is lower than 70% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lewiston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lewiston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lewiston real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$294,404

Lewiston, ME Home Prices
> $1,532,000
$1,149,001 - $1,532,000
$766,001 - $1,149,000
$613,001 - $766,000
$460,001 - $613,000
$306,001 - $460,000
$153,001 - $306,000
$77,001 - $153,000
$0 - $77,000
0.6%
0.6%
0.4%
0.4%
0.7%
0.7%
2.6%
2.6%
5.8%
5.8%
30.2%
30.2%
43.6%
43.6%
11.5%
11.5%
4.7%
4.7%
0% 100.0%
% of Homes
Average

for Maine

Average

for nation

Number of Homes And Apartments:

15,611

Lewiston Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,512 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.7%
6.7%
93.3%
93.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.8%
7.8%
24.9%
24.9%
33.7%
33.7%
33.6%
33.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.2%
43.2%
1.2%
1.2%
23.4%
23.4%
29.1%
29.1%
3.0%
3.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.9%
3.9%
15.5%
15.5%
33.2%
33.2%
34.4%
34.4%
10.8%
10.8%
2.2%
2.2%
0% 100.0%
% of Homes