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Hallowell, ME

Full City Profile · Maine · Kennebec County County

3.5 /5.0
B+ Good
2,570 Population 439/sq mi density
$58,811 Median Income $43,152 per capita
$266,700 Home Value $360,835 Zillow
$830 Median Rent 27.0% income on rent
46°F Avg Temperature 251 sunny days/yr
169 Violent Crime/100K 506 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$58,811 median income, 0.3% unemployment
A
Affordability
4.1 / 5.0
$266,700 home value, $830/mo rent
F
Safety
1.0 / 5.0
169 violent crimes/100K
A+
Education
4.7 / 5.0
46.4% bachelor's degree or higher

Housing Overview

Median Home Value
$266,700
5% below
US avg: $281,900
Median Rent
$830/mo
29% below
US avg: $1,163/mo
Homeownership Rate
57.3%
12% below US avg (65.4%)
Total Housing Units
1,424
Median year built: 1938

Home Value by Source

Census Median
$266,700
Zillow (ZHVI)
$360,835
Median Sale Price
$386,150
Median List Price
$562,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.3%
Owner-Occupied
42.7%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,108/mo
1 Bedroom
$1,186/mo
2 Bedroom
$1,497/mo
3 Bedroom
$1,951/mo
4 Bedroom
$2,190/mo
Census median rent: $830/mo

Market Indicators (Redfin)

Median Days on Market
96 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
4
Price Drops
14.3%
of listings with price reduction
Price Per Sq Ft
$169
Active Inventory
14
homes for sale

Affordability & Housing Stock

Rent Burden
27.0%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
57.3%

Complete Housing Data

Home Values

Census Median Value$266,700
Zillow Home Value (ZHVI)$360,835
Median Sale Price$386,150
Median List Price$562,500
Price Per Sq Ft$169

Rent

Census Median Rent$830
FMR Studio$1,108
FMR 1-Bedroom$1,186
FMR 2-Bedroom$1,497
FMR 3-Bedroom$1,951
FMR 4-Bedroom$2,190

Market

Days on Market96
Sale-to-List Ratio0.9%
Price Drops14.3%
Homes Sold4
Active Inventory14
Price Per Sq Ft$169

Ownership & Stock

Owner-Occupied57.3%
Renter-Occupied42.7%
Homeownership Rate57.3%
Total Housing Units1,424
Median Year Built1938
Rent Burden27.0%