Westbrook, Maine Housing Market Prices
Westbrook 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 75% below the Maine median$64,342
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Median rent 22% above the Maine median$1,391
Housing Market Overview
| Metric | Westbrook | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,342 | $261,367 | $248,835 |
| Price Trend (Annual %) | 116.9% | 8.5% | 7.5% |
| Median Gross Rent | $1,391 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westbrook is about 75% lower than in Maine. Rent is about 22% 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 Westbrook, up about 116.9% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Westbrook rose about 54.0% between 2015 and 2024, from $903 to $1,391. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Westbrook.
Buying the median-priced home in Westbrook costs roughly 3.9 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 Westbrook. The price-to-rent ratio in Maine is about 19.1.
| Metric | Westbrook | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,342 | $261,367 | $248,835 |
| Median Household Income | $85,102 | $74,723 | $80,455 |
| Price-to-Income Ratio | 0.8 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Westbrook fell about 53.2%, while median household income rose about 81.8% 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 | Westbrook | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 59.0% | 58.5% |
| Rental Rate | 37.0% | 20.4% | 31.2% |
| Vacancy Rate | 4.6% | 20.6% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Westbrook has a homeownership rate of 58.4%, lower than the Maine average of 59.0%. Its housing vacancy rate is 4.6%, compared with 20.6% in Maine.
Housing Stock
| Metric | Westbrook | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1971 | 1974 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Westbrook was built around 1971. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Westbrook, ME Housing Compared With Nearby Cities
How Westbrook, ME compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Westbrook, ME | 20,775 | $64,342 #2/2 | $1,391 #2/2 | 61.2% #1/2 |
| South Portland, ME | 26,562 | $370,394 | $1,811 | 58.2% |
Frequently Asked Questions
Common questions about the housing market in Westbrook, Maine.
What is the median home price in Westbrook, Maine?
The median home price in Westbrook, Maine is $64,342, lower than the Maine average of $261,367.
What is the average home price in Westbrook, Maine?
The typical home price in Westbrook, Maine, reported as the median sale price, is $64,342. 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 Westbrook, Maine?
The median gross rent in Westbrook, Maine is $1,391 per month, higher than the Maine average of $1,139.
What was the median gross rent in Westbrook in 2020?
In 2020, the median gross rent in Westbrook, Maine was $1,076 per month.
What is the price-to-rent ratio in Westbrook, Maine?
The price-to-rent ratio in Westbrook, Maine is about 3.9, meaning it would take roughly 3.9 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 Westbrook.
Are home prices or rent rising faster in Westbrook, Maine?
Both home prices and rent are rising in Westbrook, up about 116.9% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westbrook, Maine?
58.4% of households in Westbrook, Maine own their home, lower than the Maine average of 59.0%.
What is the vacancy rate in Westbrook, Maine?
The housing vacancy rate in Westbrook, Maine is 4.6%, lower than the Maine average of 20.6%.
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