Lewiston, Maine Housing Market Prices
Lewiston 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 46% below the Maine median$142,391
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Median rent 14% below the Maine median$985
Housing Market Overview
| Metric | Lewiston | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,391 | $261,367 | $248,835 |
| Price Trend (Annual %) | 23.7% | 8.5% | 7.5% |
| Median Gross Rent | $985 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lewiston is about 46% lower than in Maine. Rent is about 14% 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 Lewiston, up about 23.7% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Lewiston rose about 44.4% between 2015 and 2024, from $682 to $985. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Lewiston.
Buying the median-priced home in Lewiston costs roughly 12.0 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 Lewiston. The price-to-rent ratio in Maine is about 19.1.
| Metric | Lewiston | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,391 | $261,367 | $248,835 |
| Median Household Income | $56,349 | $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 Lewiston rose about 60.3%, while median household income rose about 46.3% 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 | Lewiston | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.1% | 59.0% | 58.5% |
| Rental Rate | 46.0% | 20.4% | 31.2% |
| Vacancy Rate | 5.9% | 20.6% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Lewiston has a homeownership rate of 48.1%, lower than the Maine average of 59.0%. Its housing vacancy rate is 5.9%, compared with 20.6% in Maine.
Housing Stock
| Metric | Lewiston | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1958 | 1974 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Lewiston was built around 1958. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lewiston, Maine.
What is the median home price in Lewiston, Maine?
The median home price in Lewiston, Maine is $142,391, lower than the Maine average of $261,367.
What is the average home price in Lewiston, Maine?
The typical home price in Lewiston, Maine, reported as the median sale price, is $142,391. 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 Lewiston, Maine?
The median gross rent in Lewiston, Maine is $985 per month, lower than the Maine average of $1,139.
What was the median gross rent in Lewiston in 2020?
In 2020, the median gross rent in Lewiston, Maine was $747 per month.
What is the price-to-rent ratio in Lewiston, Maine?
The price-to-rent ratio in Lewiston, Maine is about 12.0, meaning it would take roughly 12.0 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 Lewiston.
Are home prices or rent rising faster in Lewiston, Maine?
Both home prices and rent are rising in Lewiston, up about 23.7% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lewiston, Maine?
48.1% of households in Lewiston, Maine own their home, lower than the Maine average of 59.0%.
What is the vacancy rate in Lewiston, Maine?
The housing vacancy rate in Lewiston, Maine is 5.9%, lower than the Maine average of 20.6%.
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