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
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 Market | 96 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 14.3% |
| Homes Sold | 4 |
| Active Inventory | 14 |
| Price Per Sq Ft | $169 |
Ownership & Stock
| Owner-Occupied | 57.3% |
| Renter-Occupied | 42.7% |
| Homeownership Rate | 57.3% |
| Total Housing Units | 1,424 |
| Median Year Built | 1938 |
| Rent Burden | 27.0% |
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