Augusta housing market

Buyer's marketAugusta, ME metro areaData through Sep 2026
Typical home value
$316K
▲ 0.6% 1 yr
Typical rent
$1,497/mo
▲ 5.5% 1 yr
12-month forecast
+2.1%
#259 of 546 metros
Gross rent yield
5.7%
#308 of 546 · U.S. 6.3%
Days to pending
41 days
▲ +11 days 1 yr
Listings with a price cut
29%
▲ +0.6 pts 1 yr

Key takeaways

  • 1The typical home is worth $315,691, up 0.6% in a year and up 30% over five years.
  • 2Zillow forecasts home values rising 2.1% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,497/mo (+5.5% YoY), a 5.7% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,735/mo in principal and interest, $238 more than renting.
  • 5Homes go under contract in 41 days (+11 days vs last year); 29% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 30/100, #443 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $316K
$158K$207K$257K$307K2016201920222025
Typical monthly rent
Latest $1,497
$774$998$1,223$1,4472016201920222025

How fast homes are selling

Days to go under contract
Latest 41
153146622020202220242026
Share of listings with a price cut
Latest 29.4%
8.8%15.2%21.6%28.0%20182020202220242026
Homes for sale vs new listings
Latest 611
For saleNew listings
11738264691120182020202220242026
Share of homes sold above list price
Latest 34.4%
25.5%36.8%48.0%59.3%2020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Augusta compares

MeasureAugustaUnited StatesRank of 546
Home value, 1-yr change+0.6%+1.2%#398
Home value, 5-yr change+29.9%+19.7%
12-month forecast+2.1%+1.1%#259
Rent, 1-yr change+5.5%+2.7%#94
Gross rent yield5.7%6.3%#308
Price-to-rent ratio17.615.8
Mortgage P&I on typical home$1,735$2,012
Days to pending4156

Cities in the Augusta metro

1 cities with home value and rent data.

Augusta$276K▲ 0.4%$1,549▲ 4.2%6.7%

Run the numbers

Other Maine metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.