Auburn, Maine Housing Market Prices
Auburn Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 14% below the Maine median$225,000
-
Median rent 9% below the Maine median$1,041
Housing Market Overview
| Metric | Auburn | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $261,367 | $248,835 |
| Price Trend (Annual %) | 7.2% | 8.5% | 7.5% |
| Median Gross Rent | $1,041 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Auburn is about 14% lower than in Maine. Rent is about 9% lower than the Maine average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Auburn, up about 7.2% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Auburn rose about 44.4% between 2015 and 2024, from $721 to $1,041. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Auburn.
Buying the median-priced home in Auburn costs roughly 18.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Auburn. The price-to-rent ratio in Maine is about 19.1.
| Metric | Auburn | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $261,367 | $248,835 |
| Median Household Income | $65,759 | $74,723 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Auburn rose about 67.8%, while median household income rose about 55.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Auburn | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.9% | 59.0% | 58.5% |
| Rental Rate | 37.9% | 20.4% | 31.2% |
| Vacancy Rate | 7.2% | 20.6% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Auburn has a homeownership rate of 54.9%, lower than the Maine average of 59.0%. Its housing vacancy rate is 7.2%, compared with 20.6% in Maine.
Housing Stock
| Metric | Auburn | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1962 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Auburn was built around 1962. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Auburn, Maine.
What is the median home price in Auburn, Maine?
The median home price in Auburn, Maine is $225,000, lower than the Maine average of $261,367.
What is the average home price in Auburn, Maine?
The typical home price in Auburn, Maine, reported as the median sale price, is $225,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Auburn, Maine?
The median gross rent in Auburn, Maine is $1,041 per month, lower than the Maine average of $1,139.
What was the median gross rent in Auburn in 2020?
In 2020, the median gross rent in Auburn, Maine was $801 per month.
What is the price-to-rent ratio in Auburn, Maine?
The price-to-rent ratio in Auburn, Maine is about 18.0, meaning it would take roughly 18.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Auburn.
Are home prices or rent rising faster in Auburn, Maine?
Both home prices and rent are rising in Auburn, up about 7.2% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Auburn, Maine?
54.9% of households in Auburn, Maine own their home, lower than the Maine average of 59.0%.
What is the vacancy rate in Auburn, Maine?
The housing vacancy rate in Auburn, Maine is 7.2%, lower than the Maine average of 20.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →