Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | York County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,278 | $248,766 | $242,182 |
| Price Trend (Annual %) | 14.2% | 8.9% | 8.2% |
| Median Gross Rent | $1,238 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in York County is about 67% higher than in Maine. Rent is about 14% higher than the Maine average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in York County, up about 14.2% and 4.5% a year respectively. Home prices are changing faster.
Median rent in York County rose about 37.8% between 2015 and 2023, from $898 to $1,238. Over the same span, rent in Maine rose about 39.7%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in York County.
Buying the median-priced home in York County costs roughly 28.0 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 York County. The price-to-rent ratio in Maine is about 19.1.
| Metric | York County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $415,278 | $248,766 | $242,182 |
| Median Household Income | $84,282 | $72,025 | $78,145 |
| Price-to-Income Ratio | 4.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in York County rose about 154.8%, while median household income rose about 54.5% between 2009 and 2023 — 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 | York County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 58.4% | 58.2% |
| Rental Rate | 18.9% | 20.5% | 31.3% |
| Vacancy Rate | 20.7% | 21.1% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
York County has a homeownership rate of 60.4%, higher than the Maine average of 58.4%. Its housing vacancy rate is 20.7%, compared with 21.1% in Maine.
Housing Stock
| Metric | York County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.27 people | 2.54 people |
| Median Structure Built Year | 1975 | 1973 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in York County was built around 1975. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in York County, Maine.
What is the median home price in York County, Maine?
The median home price in York County, Maine is $415,278, higher than the Maine average of $248,766.
What is the average home price in York County, Maine?
The typical home price in %s, reported as the median sale price, is %s. 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 York County, Maine?
The median gross rent in York County, Maine is $1,238 per month, higher than the Maine average of $1,084.
What was the median gross rent in York County in 2020?
In 2020, the median gross rent in York County, Maine was $1,022 per month.
What is the price-to-rent ratio in York County, Maine?
The price-to-rent ratio in York County, Maine is about 28.0, meaning it would take roughly 28.0 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 York County.
Are home prices or rent rising faster in York County, Maine?
Both home prices and rent are rising in York County, up about 14.2% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in York County, Maine?
60.4% of households in York County, Maine own their home, higher than the Maine average of 58.4%.
What is the vacancy rate in York County, Maine?
The housing vacancy rate in York County, Maine is 20.7%, lower than the Maine average of 21.1%.