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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ellsworth, ME Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ellsworth, ME Housing Market Trends

With a population of 8,732, 3,839 total housing units (homes and apartments), and a median house value of $305,135, Ellsworth real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ellsworth, accounting for 67.07% of the city's housing units. Other types of housing that are prevalent in Ellsworth include large apartment complexes or high rise apartments ( 15.34%), duplexes, homes converted to apartments or other small apartment buildings ( 9.01%), and a few mobile homes or trailers ( 6.34%).

Dwellings in Ellsworth tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.80% of the homes in Ellsworth have two or fewer bedrooms.

There is a lot of housing in Ellsworth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ellsworth built between 2000 and later ( 26.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.45%). There's also some housing in Ellsworth built before 1939 ( 16.10%).

Vacant housing appears to be an issue in Ellsworth. Fully 25.28% of the housing stock is classified as vacant. Left unchecked, vacant Ellsworth homes and apartments can be a drag on the real estate market, holding Ellsworth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ellsworth Home Appreciation Rates

Real estate appreciation rates in Ellsworth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.39% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ellsworth's appreciation rate, at 6.39%, has been at or slightly above the national average. In the latest quarter, Ellsworth's appreciation rate has been 4.78%, which annualizes to a rate of 20.54%.

Importantly, this makes Ellsworth one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Maine, our data show that Ellsworth's latest annual appreciation rate is higher than 70% of the other cities and towns in Maine.

Average Home Values

Median Home Value

$305,135

Ellsworth, ME Home Prices
> $1,472,000
$1,104,001 - $1,472,000
$736,001 - $1,104,000
$589,001 - $736,000
$442,001 - $589,000
$295,001 - $442,000
$147,001 - $295,000
$73,001 - $147,000
$0 - $73,000
0.6%
0.6%
1.3%
1.3%
1.0%
1.0%
5.1%
5.1%
8.9%
8.9%
30.3%
30.3%
42.4%
42.4%
5.1%
5.1%
5.4%
5.4%
0% 100.0%
% of Homes
Average

for Maine

Average

for nation

Number of Homes And Apartments:

3,839

Ellsworth Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,507 / per month

Homeownership Rate

Owners
Renters
66.8%
66.8%
33.2%
33.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
25.3%
25.3%
74.7%
74.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.9%
26.9%
35.6%
35.6%
21.4%
21.4%
16.1%
16.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.1%
67.1%
2.2%
2.2%
9.0%
9.0%
15.3%
15.3%
6.3%
6.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.4%
5.4%
16.1%
16.1%
31.3%
31.3%
36.5%
36.5%
8.0%
8.0%
2.6%
2.6%
0% 100.0%
% of Homes