Biddeford, Maine Housing Market Prices
Biddeford 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.
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Median home price 60% below the Maine median$103,409
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Median rent 13% above the Maine median$1,292
Housing Market Overview
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,409 | $261,367 | $248,835 |
| Price Trend (Annual %) | 0.5% | 8.5% | 7.5% |
| Median Gross Rent | $1,292 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Biddeford is about 60% lower than in Maine. Rent is about 13% higher 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 Biddeford, up about 0.5% and 4.9% a year respectively. Rent is changing faster.
Median rent in Biddeford rose about 49.0% between 2015 and 2024, from $867 to $1,292. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Biddeford.
Buying the median-priced home in Biddeford costs roughly 6.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Biddeford. The price-to-rent ratio in Maine is about 19.1.
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,409 | $261,367 | $248,835 |
| Median Household Income | $72,002 | $74,723 | $80,455 |
| Price-to-Income Ratio | 1.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Biddeford fell about 42.1%, while median household income rose about 57.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.2% | 59.0% | 58.5% |
| Rental Rate | 45.5% | 20.4% | 31.2% |
| Vacancy Rate | 12.3% | 20.6% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Biddeford has a homeownership rate of 42.2%, lower than the Maine average of 59.0%. Its housing vacancy rate is 12.3%, compared with 20.6% in Maine.
Housing Stock
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1954 | 1974 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Biddeford was built around 1954. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Biddeford, Maine.
What is the median home price in Biddeford, Maine?
The median home price in Biddeford, Maine is $103,409, lower than the Maine average of $261,367.
What is the average home price in Biddeford, Maine?
The typical home price in Biddeford, Maine, reported as the median sale price, is $103,409. 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 Biddeford, Maine?
The median gross rent in Biddeford, Maine is $1,292 per month, higher than the Maine average of $1,139.
What was the median gross rent in Biddeford in 2020?
In 2020, the median gross rent in Biddeford, Maine was $979 per month.
What is the price-to-rent ratio in Biddeford, Maine?
The price-to-rent ratio in Biddeford, Maine is about 6.7, meaning it would take roughly 6.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Biddeford.
Are home prices or rent rising faster in Biddeford, Maine?
Both home prices and rent are rising in Biddeford, up about 0.5% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Biddeford, Maine?
42.2% of households in Biddeford, Maine own their home, lower than the Maine average of 59.0%.
What is the vacancy rate in Biddeford, Maine?
The housing vacancy rate in Biddeford, Maine is 12.3%, lower than the Maine average of 20.6%.
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