W W W. M A I N E B I Z . B I Z 27
Fact Book / Doing Business in Maine
Q UA L I T Y O F L I F E
$160K
$180K
$200K
$220K
$240K
$260K
2020 '19 '18 '17 '16 '15 '14 '13 '12 '11 '10 '09 2008
Median price
Annual sales
8K
10K
12K
14K
16K
18K
20K
1 Based on real estate broker transactions.
S O U R C E : Maine Real Estate Information System Inc.
Studio
One
bedroom
Two
bedroom
Three
bedroom
Four
bedroom
Five
bedroom
Five
bedroom
Bangor $708 $826 $1,057 $1,315 $1,729 $1,988 $1,827
Lewiston/Auburn $685 $737 $947 $1,214 $1,484 $1,706 $1,527
Portland $1,088 $1,229 $1,592 $2,061 $2,518 $2,895 $2,408
York/Kittery/South Berwick $1,066 $1,118 $1,473 $1,905 $2,550 $2,932 $2,544
Fair market rents for existing housing in Maine, by MSA
Rates effective April 1, 2021
Amounts include the cost of utilities.
S O U R C E : MaineHousing
Fair market rent
Gross rents for typical, non-substandard rental
units occupied by recent movers in a local hous-
ing market, established by the U.S. Department
of Housing and Urban Development.
Metropolitan statistical area (MSA)
The Census Bureau defines a metropolitan
area as a core area containing a large popu-
lation nucleus, together with adjacent com-
munities having a high degree of economic
and social interaction with that core. The
title of each MSA includes the names of up
to three of its central cities.
DEFINITIONS
Annual home sales and median price, 2008–2020
1
