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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.



Biddeford, 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 Q4 2023. 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

Biddeford, ME Housing Market Trends

With 22,450 people, 9,575 houses or apartments, and a median cost of homes of $436,306, Biddeford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Biddeford, accounting for 40.12% of the city's housing units. Other types of housing that are prevalent in Biddeford include duplexes, homes converted to apartments or other small apartment buildings ( 33.42%), large apartment complexes or high rise apartments ( 23.17%), and a few row houses and other attached homes ( 1.98%).

People in Biddeford primarily live in small (one, two or no bedroom) single-family detached homes. Biddeford has a mixture of owner-occupied and renter-occupied housing.

The housing in Biddeford was primarily built before 1939 ( 38.16%), making the housing stock in Biddeford some of the oldest overall in America, although there is a range of ages of homes in Biddeford. The next most important housing age is between 1970-1999 ( 28.27%), followed by between 1940-1969 ( 25.01%). There's also some housing in Biddeford built between 2000 and later ( 8.56%).

Biddeford Home Appreciation Rates

Appreciation rates for homes in Biddeford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.82%, which ranks in the top 30% nationwide. This equates to an annual average Biddeford house appreciation rate of 7.64%.

Appreciation rates are so strong in Biddeford that despite a nationwide downturn in the housing market, Biddeford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Biddeford appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Biddeford. Biddeford appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.

Importantly, this makes Biddeford 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 Biddeford's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Biddeford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Biddeford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Biddeford real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$436,306

Biddeford, ME Home Prices
> $1,441,000
$1,081,001 - $1,441,000
$721,001 - $1,081,000
$577,001 - $721,000
$432,001 - $577,000
$289,001 - $432,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
1.5%
1.5%
2.7%
2.7%
8.4%
8.4%
12.9%
12.9%
27.3%
27.3%
29.6%
29.6%
12.5%
12.5%
2.3%
2.3%
2.8%
2.8%
0% 100.0%
% of Homes
Very High

for Maine

High

for nation

Number of Homes And Apartments:

9,575

Biddeford Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,924 / per month

Homeownership Rate

Owners
Renters
43.0%
43.0%
57.0%
57.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.6%
8.6%
28.3%
28.3%
25.0%
25.0%
38.2%
38.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.1%
40.1%
2.0%
2.0%
33.4%
33.4%
23.2%
23.2%
1.3%
1.3%
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
1.9%
1.9%
18.3%
18.3%
32.8%
32.8%
35.0%
35.0%
9.8%
9.8%
2.2%
2.2%
0% 100.0%
% of Homes