Home Values in Lewiston, Maine — 2026 Market Report
Updated March 2026 | Seller's Market | +3.5% YoY
The median home value in Lewiston, Maine is $225,000 as of March 2026, which is below the national median of $400,000. Home values in Lewiston have increased by 3.5% over the past year and 18.8% over the last five years. With a population of 37,121 and a median household income of $42,250, the price-to-income ratio stands at 5.3x, making Lewiston affordable for the average household.
Lewiston Housing Market Conditions
| Metric | Lewiston | National Avg |
|---|---|---|
| Median Home Value | $225,000 | $400,000 |
| YoY Appreciation | +3.5% | +3.8% |
| 5-Year Appreciation | +18.8% | +22.4% |
| Price per Sq Ft | $73 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 2.1 | 3.5 |
| List-to-Sale Ratio | 97.2% | 98.5% |
| Monthly Homes Sold | 28 | — |
| Foreclosure Rate | 0.2% | 0.3% |
Home Value Trends in Lewiston
A homeowner who purchased at the median price of $189,394 five years ago in Lewiston would have gained approximately $35,606 in equity, representing a 18.8% return on investment. Over the past year alone, the typical homeowner gained $7,609 in home equity.
Affordability in Lewiston, ME
With a median household income of $42,250 and a median home price of $225,000, the price-to-income ratio in Lewiston is 5.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,464 compared to estimated monthly ownership costs of $1,313 gives a rent-vs-buy ratio of 0.90. In Lewiston, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Lewiston
The effective property tax rate in Maine is 1.3%. On a home valued at $225,000, the estimated annual property tax bill is $2,925, or approximately $244/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Lewiston is 92.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Lewiston, ME?
The median home value in Lewiston, Maine is $225,000 as of March 2026. Home values have changed +3.5% over the past year, with a 5-year appreciation of 18.8%.
Is Lewiston a buyer's or seller's market?
Lewiston is currently a seller's market with 2.1 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 97.2%. Low inventory gives sellers an advantage.
Are home values going up in Lewiston?
Yes, home values in Lewiston have increased by 3.5% over the past year. The 5-year appreciation rate is 18.8%, meaning a home worth $189,394 five years ago is now worth $225,000.
Is it better to rent or buy in Lewiston?
The average monthly rent in Lewiston is $1,464, while estimated monthly homeownership costs are approximately $1,313. The price-to-rent ratio is 12.8. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Lewiston, Maine is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.