Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$315,675+0.6% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$68,432About 0.9× the local median income ($74,048): affordable for a typical household
Days on market64 daysAbout the same pace as a year ago
The typical home in Kennebec County, ME is worth $315,675, up 0.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $274,430, so the area is 15.0% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 34% from a year ago, 26% of listings have had a price cut. A household needs about $68,432 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,048. Typical rent is $1,497 a month. In the latest IRS figures, 518 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$315,675
Change in 1 year
+0.6%
Overvalued %
+15.0%
Show 6 more
Fair home value
$274,430
Change in 5 years
+29.9%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,711
Income needed to afford it
$68,432
Property tax rate
1.09%
Rent and investing
Typical rent
$1,497
Price-to-rent ratio
17.6×
HUD Fair Market Rent, 2 bedrooms
$1,374
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Gross rental yield
5.69%
Cap rate (estimate)
3.70%
Market activity
Listings vs a year ago
+34.3%
Days on market
64
Listings with a price cut
26.0%
Show 3 more
Homes for sale
489
Pending sales per 100 listings
18
Asking price per sq ft
$226
People and jobs
Median household income
$74,048
Population change (1 year)
+0.3%
Unemployment rate
3.9%
Show 4 more
Population
129,067
Income adjusted for cost of living
$80,838
Net moves in (IRS)
+518
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
75.2
Unhealthy air days a year
0
Show 4 more
Flood risk score
80.1
Wildfire risk score
33.5
Walkability (1 to 20)
6.6
Road, rail and air noise
55 dB
Questions people ask
Is Kennebec County, ME overvalued?
Home prices in Kennebec County, ME are well above what local incomes have historically supported: fair value is about $274,430, so the area is 15.0% overvalued.
Is Kennebec County, ME a buyer's or seller's market?
Kennebec County, ME is a buyer's market: homes take about 64 days to sell, listings are up 34% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Kennebec County, ME?
Home values in Kennebec County, ME are up 0.6% over the last year.
How much do you need to earn to buy a home in Kennebec County, ME?
A household needs about $68,432 a year to afford the typical home in Kennebec County, ME at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,048.