Kennebec County, Maine Housing Market
In Kennebec County, Maine, the median home value is $238,200, with a median monthly rent of $992. This places Kennebec County at #1005 nationally out of 3134 counties by median home value, and #9 within Maine.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,146
- Establishments: 4,035
- BLS QCEW, 2025
Housing Supply
- Single-family: 398
- Multi-family: 112
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 56,021 (avg $74,616)
- Outflow: 53,178 (avg $74,947)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Kennebec County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 04259 | 311.8 | -7.49% | 2025 |
| 2 | 04901 | 301.8 | +9.76% | 2025 |
| 3 | 04345 | 337.7 | +7.21% | 2025 |
| 4 | 04963 | 250.0 | -6.80% | 2025 |
| 5 | 04330 | 289.4 | +0.29% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Kennebec County Compares
| Metric | Kennebec County | Maine Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $238,200 | $260,725 | $227,706 |
| Median Gross Rent | $992 | $1,020 | $968 |
| Owner Occupancy Rate | 73.7% | 76.6% | 73.3% |
| Price/Rent Ratio | 20.0 | 20.9 | 18.7 |
Market Analysis
The median home value in Kennebec County is 8.6% below the Maine state average and 4.6% above the U.S. national average. The median rent of $992/month is 2.7% below the state average.
With a price-to-rent ratio of 20.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Kennebec County has an owner-occupancy rate of 73.7%, compared to 76.6% in Maine and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Habersham County | Georgia | $238,300 | $974 |
| Judith Basin County | Montana | $238,300 | $495 |
| Essex County | Virginia | $238,100 | $972 |
| Nelson County | Kentucky | $238,000 | $1,008 |
| Rowan County | North Carolina | $238,400 | $1,013 |
Other Counties in Maine
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Androscoggin County | $252,800 | $1,010 | 67.9% |
| Waldo County | $257,700 | $1,021 | 81.9% |
| Oxford County | $217,300 | $836 | 80.6% |
| Penobscot County | $214,100 | $1,041 | 70.5% |
| Franklin County | $194,700 | $802 | 76.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).