Cities with the fastest growing home prices in Portland, Maine metro area

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November 23, 2022
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Cities with the fastest growing home prices in Portland, Maine metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Portland-South Portland, ME metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 68 cities and towns in Portland, Maine.

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#30. Old Orchard Beach, Old Orchard Beach

- 1-year price change: +$49,562 (+12.8%)
- 5-year price change: +$182,112 (+71.2%)
- Typical home value: $437,728 (#36 most expensive city in metro)
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#29. Shapleigh, Shapleigh

- 1-year price change: +$49,576 (+14.0%)
- 5-year price change: +$181,474 (+81.6%)
- Typical home value: $403,938 (#44 most expensive city in metro)
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#28. Arundel, Arundel

- 1-year price change: +$49,736 (+12.1%)
- 5-year price change: +$171,950 (+59.6%)
- Typical home value: $460,381 (#27 most expensive city in metro)
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#27. Dayton, Dayton

- 1-year price change: +$50,450 (+11.9%)
- 5-year price change: +$227,922 (+92.5%)
- Typical home value: $474,206 (#23 most expensive city in metro)
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#26. Topsham, Topsham

- 1-year price change: +$54,235 (+16.0%)
- 5-year price change: +$152,022 (+63.3%)
- Typical home value: $392,275 (#47 most expensive city in metro)

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#25. North Yarmouth, North Yarmouth

- 1-year price change: +$54,286 (+9.9%)
- 5-year price change: +$242,543 (+67.5%)
- Typical home value: $601,819 (#15 most expensive city in metro)
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#24. Wells, Wells

- 1-year price change: +$54,583 (+12.8%)
- 5-year price change: +$184,038 (+62.0%)
- Typical home value: $480,661 (#22 most expensive city in metro)
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#23. Lebanon, Lebanon

- 1-year price change: +$55,890 (+17.2%)
- 5-year price change: +$155,421 (+69.0%)
- Typical home value: $380,694 (#49 most expensive city in metro)
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#22. Newfield, Newfield

- 1-year price change: +$56,033 (+18.6%)
- 5-year price change: +$161,513 (+82.6%)
- Typical home value: $357,049 (#57 most expensive city in metro)
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#21. Eliot, Eliot

- 1-year price change: +$57,485 (+12.1%)
- 5-year price change: +$175,345 (+49.2%)
- Typical home value: $531,814 (#19 most expensive city in metro)

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#20. Saco, Saco

- 1-year price change: +$60,278 (+14.9%)
- 5-year price change: +$192,088 (+70.1%)
- Typical home value: $465,923 (#25 most expensive city in metro)
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#19. West Bath, West Bath

- 1-year price change: +$60,415 (+15.8%)
- 5-year price change: +$155,026 (+53.9%)
- Typical home value: $442,541 (#32 most expensive city in metro)
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#18. Scarborough, Scarborough

- 1-year price change: +$62,581 (+11.2%)
- 5-year price change: +$237,102 (+62.0%)
- Typical home value: $619,281 (#14 most expensive city in metro)
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#17. Phippsburg, Phippsburg

- 1-year price change: +$62,804 (+16.0%)
- 5-year price change: +$160,408 (+54.4%)
- Typical home value: $455,353 (#28 most expensive city in metro)
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#16. Kennebunk, Kennebunk

- 1-year price change: +$63,435 (+12.0%)
- 5-year price change: +$265,820 (+81.4%)
- Typical home value: $592,446 (#17 most expensive city in metro)

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#15. Acton, Acton

- 1-year price change: +$64,595 (+18.1%)
- 5-year price change: +$182,698 (+76.6%)
- Typical home value: $421,229 (#40 most expensive city in metro)
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#14. Kittery, Kittery

- 1-year price change: +$64,596 (+12.1%)
- 5-year price change: +$253,368 (+73.5%)
- Typical home value: $597,967 (#16 most expensive city in metro)
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#13. Yarmouth, Yarmouth

- 1-year price change: +$68,064 (+10.8%)
- 5-year price change: +$266,160 (+61.5%)
- Typical home value: $699,000 (#9 most expensive city in metro)
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#12. Cumberland, Cumberland

- 1-year price change: +$73,679 (+12.6%)
- 5-year price change: +$255,180 (+63.1%)
- Typical home value: $659,666 (#12 most expensive city in metro)
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#11. Harpswell, Harpswell

- 1-year price change: +$76,347 (+12.2%)
- 5-year price change: +$270,232 (+62.6%)
- Typical home value: $702,117 (#8 most expensive city in metro)

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#10. Georgetown, Georgetown

- 1-year price change: +$76,732 (+15.0%)
- 5-year price change: +$210,534 (+55.8%)
- Typical home value: $587,712 (#18 most expensive city in metro)
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#9. Long Island, Long Island

- 1-year price change: +$79,125 (+13.9%)
- 5-year price change: +$210,534 (data not available)
- Typical home value: $650,134 (#13 most expensive city in metro)
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#8. Falmouth, Falmouth

- 1-year price change: +$80,043 (+11.6%)
- 5-year price change: +$302,429 (+64.9%)
- Typical home value: $768,664 (#6 most expensive city in metro)
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#7. Ogunquit, Ogunquit

- 1-year price change: +$80,512 (+11.3%)
- 5-year price change: +$302,541 (+61.7%)
- Typical home value: $792,771 (#5 most expensive city in metro)
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#6. York, York

- 1-year price change: +$86,182 (+14.2%)
- 5-year price change: +$282,285 (+68.8%)
- Typical home value: $692,858 (#10 most expensive city in metro)

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#5. Chebeague Island, Chebeague Island

- 1-year price change: +$89,817 (+14.3%)
- 5-year price change: +$277,639 (+63.0%)
- Typical home value: $718,520 (#7 most expensive city in metro)
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#4. Freeport, Freeport

- 1-year price change: +$97,040 (+17.2%)
- 5-year price change: +$303,057 (+84.2%)
- Typical home value: $662,862 (#11 most expensive city in metro)
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#3. Ocean Park, Ocean Park

- 1-year price change: +$103,644 (+14.1%)
- 5-year price change: +$373,198 (+80.5%)
- Typical home value: $837,027 (#3 most expensive city in metro)
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#2. Cape Elizabeth, Cape Elizabeth

- 1-year price change: +$104,295 (+13.9%)
- 5-year price change: +$354,723 (+71.3%)
- Typical home value: $852,410 (#2 most expensive city in metro)
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#1. Kennebunkport, Kennebunkport

- 1-year price change: +$131,363 (+14.7%)
- 5-year price change: +$431,633 (+72.6%)
- Typical home value: $1,025,865 (#1 most expensive city in metro)

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