Waldo County, Maine Housing Market Prices
Waldo 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 1% below the Maine median$258,333
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Median rent 10% below the Maine median$1,020
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $258,333 | $261,367 | $248,835 |
| Price Trend (Annual %) | 8.4% | 8.5% | 7.5% |
| Median Gross Rent | $1,020 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waldo County is about 1% lower than in Maine. Rent is about 10% 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 Waldo County, up about 8.4% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Waldo County rose about 37.2% between 2015 and 2024, from $744 to $1,020. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Waldo County.
Buying the median-priced home in Waldo County costs roughly 21.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Waldo County. The price-to-rent ratio in Maine is about 19.1.
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $258,333 | $261,367 | $248,835 |
| Median Household Income | $72,583 | $74,723 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Waldo County rose about 78.7%, while median household income rose about 65.5% 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 | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 59.0% | 58.5% |
| Rental Rate | 14.2% | 20.4% | 31.2% |
| Vacancy Rate | 21.5% | 20.6% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Waldo County has a homeownership rate of 64.3%, higher than the Maine average of 59.0%. Its housing vacancy rate is 21.5%, compared with 20.6% in Maine.
Housing Stock
| Metric | Waldo County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1981 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Waldo County was built around 1981. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Waldo County, ME Housing Compared With Nearby Counties
Waldo County, ME is typical in size for this group, 40,192 residents against a local median of 41,003, so the measures below are close to a like for like comparison. Nothing separates Waldo County, ME sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 4% above the local median at 81.9% against 78.5%. Waldo County, ME has the 2nd highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Waldo County, ME | 40,192 | $258,333 #3/6 | $1,020 #5/6 | 81.9% #2/6 |
| Knox County, ME | 41,003 | $167,467 | $1,164 | 78.7% |
| Lincoln County, ME | 36,099 | $248,842 | $1,055 | 82.5% |
| Kennebec County, ME | 126,799 | $174,285 | $991 | 73.7% |
| Hancock County, ME | 56,460 | $345,205 | $1,060 | 78.5% |
| Sagadahoc County, ME | 37,285 | $408,621 | $1,097 | 77.8% |
Frequently Asked Questions
Common questions about the housing market in Waldo County, Maine.
What is the median home price in Waldo County, Maine?
The median home price in Waldo County, Maine is $258,333, lower than the Maine average of $261,367.
What is the average home price in Waldo County, Maine?
The typical home price in Waldo County, Maine, reported as the median sale price, is $258,333. 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 Waldo County, Maine?
The median gross rent in Waldo County, Maine is $1,020 per month, lower than the Maine average of $1,139.
What was the median gross rent in Waldo County in 2020?
In 2020, the median gross rent in Waldo County, Maine was $795 per month.
What is the price-to-rent ratio in Waldo County, Maine?
The price-to-rent ratio in Waldo County, Maine is about 21.1, meaning it would take roughly 21.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Waldo County.
Are home prices or rent rising faster in Waldo County, Maine?
Both home prices and rent are rising in Waldo County, up about 8.4% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waldo County, Maine?
64.3% of households in Waldo County, Maine own their home, higher than the Maine average of 59.0%.
What is the vacancy rate in Waldo County, Maine?
The housing vacancy rate in Waldo County, Maine is 21.5%, higher than the Maine average of 20.6%.
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