Lewiston housing market

Buyer's marketLewiston, ME metro areaData through Sep 2026
Typical home value
$329K
▲ 1.0% 1 yr
Typical rent
$1,589/mo
▲ 3.0% 1 yr
12-month forecast
+2.6%
#190 of 546 metros
Gross rent yield
5.8%
#293 of 546 · U.S. 6.3%
Days to pending
30 days
▲ +7 days 1 yr
Listings with a price cut
35%
▲ +5.2 pts 1 yr

Key takeaways

  • 1The typical home is worth $328,534, up 1.0% in a year and up 32% over five years.
  • 2Zillow forecasts home values rising 2.6% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,589/mo (+3.0% YoY), a 5.8% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,805/mo in principal and interest, $216 more than renting.
  • 5Homes go under contract in 30 days (+7 days vs last year); 35% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 34/100, #381 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $329K
$160K$213K$266K$319K2016201920222025
Typical monthly rent
Latest $1,589
$1,311$1,398$1,484$1,57120222023202420252026

How fast homes are selling

Days to go under contract
Latest 30
143251692020202220242026
Share of listings with a price cut
Latest 34.6%
6.8%15.4%24.0%32.6%20182020202220242026
Homes for sale vs new listings
Latest 362
For saleNew listings
7421034748320182020202220242026
Share of homes sold above list price
Latest 47.9%
33.2%48.8%64.4%80.0%2020202220242026

Affordability

Household income needed to buy vs rent
Latest $91K
To buy (20% down)To rent
$40K$56K$72K$87K201620182020202220242026

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

How Lewiston compares

MeasureLewistonUnited StatesRank of 546
Home value, 1-yr change+1.0%+1.2%#374
Home value, 5-yr change+32.3%+19.7%
12-month forecast+2.6%+1.1%#190
Rent, 1-yr change+3.0%+2.7%#298
Gross rent yield5.8%6.3%#293
Price-to-rent ratio17.215.8
Mortgage P&I on typical home$1,805$2,012
Income needed to buy$90,982$100,902
Days to pending3056

Cities in the Lewiston metro

1 cities with home value and rent data.

Lewiston$296K▲ 0.6%$1,518▲ 2.8%6.2%

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.