Kennebec County, Maine Housing Market Prices
Kennebec County 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 33% below the Maine median$174,285
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Median rent 13% below the Maine median$991
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kennebec County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,285 | $261,367 | $248,835 |
| Price Trend (Annual %) | 4.3% | 8.5% | 7.5% |
| Median Gross Rent | $991 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kennebec County is about 33% lower than in Maine. Rent is about 13% 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 Kennebec County, up about 4.3% and 4.5% a year respectively. Rent is changing faster.
Median rent in Kennebec County rose about 43.7% between 2015 and 2024, from $690 to $991. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Kennebec County.
Buying the median-priced home in Kennebec County costs roughly 14.7 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 Kennebec County. The price-to-rent ratio in Maine is about 19.1.
| Metric | Kennebec County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,285 | $261,367 | $248,835 |
| Median Household Income | $68,834 | $74,723 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kennebec County rose about 48.5%, while median household income rose about 40.6% 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 | Kennebec County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 59.0% | 58.5% |
| Rental Rate | 22.5% | 20.4% | 31.2% |
| Vacancy Rate | 14.5% | 20.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Kennebec County has a homeownership rate of 63.0%, higher than the Maine average of 59.0%. Its housing vacancy rate is 14.5%, compared with 20.6% in Maine.
Housing Stock
| Metric | Kennebec County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1973 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Kennebec County was built around 1973. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Kennebec County, ME Housing Compared With Nearby Counties
Kennebec County, ME is the 2nd largest of the 6 counties compared here, 126,799 residents against a local median of 40,192. The measure that sets Kennebec County, ME apart most is median home price: $174,285, 33% below the local median of $258,333.
The counties themselves spread $263,551 on median home price, so Kennebec County, ME sits at one end of an already wide local range rather than apart from it. Kennebec County, ME has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kennebec County, ME | 126,799 | $174,285 #5/6 | $991 #6/6 | 73.7% #4/6 |
| Lincoln County, ME | 36,099 | $248,842 | $1,055 | 82.5% |
| Androscoggin County, ME | 113,398 | $145,070 | $1,010 | 67.9% |
| Sagadahoc County, ME | 37,285 | $408,621 | $1,097 | 77.8% |
| Waldo County, ME | 40,192 | $258,333 | $1,020 | 81.9% |
| Cumberland County, ME | 308,608 | $343,438 | $1,589 | 69.8% |
Frequently Asked Questions
Common questions about the housing market in Kennebec County, Maine.
What is the median home price in Kennebec County, Maine?
The median home price in Kennebec County, Maine is $174,285, lower than the Maine average of $261,367.
What is the average home price in Kennebec County, Maine?
The typical home price in Kennebec County, Maine, reported as the median sale price, is $174,285. 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 Kennebec County, Maine?
The median gross rent in Kennebec County, Maine is $991 per month, lower than the Maine average of $1,139.
What was the median gross rent in Kennebec County in 2020?
In 2020, the median gross rent in Kennebec County, Maine was $776 per month.
What is the price-to-rent ratio in Kennebec County, Maine?
The price-to-rent ratio in Kennebec County, Maine is about 14.7, meaning it would take roughly 14.7 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 Kennebec County.
Are home prices or rent rising faster in Kennebec County, Maine?
Both home prices and rent are rising in Kennebec County, up about 4.3% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Kennebec County, Maine?
63.0% of households in Kennebec County, Maine own their home, higher than the Maine average of 59.0%.
What is the vacancy rate in Kennebec County, Maine?
The housing vacancy rate in Kennebec County, Maine is 14.5%, lower than the Maine average of 20.6%.
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