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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.



Naples, 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

Naples, ME Housing Market Trends

With a population of 3,971, 2,045 total housing units (homes and apartments), and a median house value of $293,847, Naples 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 Naples, accounting for 78.34% of the town's housing units. Other types of housing that are prevalent in Naples include mobile homes or trailers ( 14.55%), row houses and other attached homes ( 2.66%), and a few large apartment complexes or high rise apartments ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Naples. Owner-occupied housing accounts for 91.18% of Naples's homes, and 58.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Naples 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 Naples built between 2000 and later ( 31.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.19%). There's also some housing in Naples built before 1939 ( 5.92%).

A decent proportion of the Naples housing stock is seasonally occupied. That is, homes and condos in Naples are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Naples housing market speaks to its popularity as a vacation location of choice.

Naples Home Appreciation Rates

Real estate appreciation rates in Naples's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.96% during the period.

Over the last year, Naples appreciation rates have trailed the rest of the nation. In the last twelve months, Naples's appreciation rate has been 4.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Naples were at 1.39%, which equates to an annual appreciation rate of 5.67%.

Relative to Maine, our data show that Naples's latest annual appreciation rate is lower than 50% of the other cities and towns in Maine.

Average Home Values

Median Home Value

$293,847

Naples, ME Home Prices
> $1,265,000
$950,001 - $1,265,000
$633,001 - $950,000
$506,001 - $633,000
$379,001 - $506,000
$253,001 - $379,000
$127,001 - $253,000
$63,001 - $127,000
$0 - $63,000
2.5%
2.5%
4.1%
4.1%
6.1%
6.1%
10.7%
10.7%
7.7%
7.7%
30.6%
30.6%
20.6%
20.6%
14.1%
14.1%
3.6%
3.6%
0% 100.0%
% of Homes
Average

for Maine

Average

for nation

Number of Homes And Apartments:

2,045

Naples Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,690 / per month

Homeownership Rate

Owners
Renters
91.2%
91.2%
8.8%
8.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
40.9%
40.9%
59.1%
59.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.9%
31.9%
50.0%
50.0%
12.2%
12.2%
5.9%
5.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
2.7%
2.7%
2.1%
2.1%
2.3%
2.3%
14.6%
14.6%
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
2.7%
2.7%
7.9%
7.9%
29.4%
29.4%
50.2%
50.2%
7.9%
7.9%
2.0%
2.0%
0% 100.0%
% of Homes