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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.



Windham, 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

Windham, ME Housing Market Trends

With 19,128 people, 7,471 houses or apartments, and a median cost of homes of $547,626, Windham house prices are not only among the most expensive in Maine, Windham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Windham, accounting for 84.57% of the town's housing units. Other types of housing that are prevalent in Windham include duplexes, homes converted to apartments or other small apartment buildings ( 6.25%), row houses and other attached homes ( 4.19%), and a few mobile homes or trailers ( 2.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Windham. Owner-occupied housing accounts for 81.66% of Windham's homes, and 63.45% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Windham 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 Windham built between 2000 and later ( 26.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.44%). There's also some housing in Windham built before 1939 ( 11.08%).

Vacant housing appears to be an issue in Windham. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Windham homes and apartments can be a drag on the real estate market, holding Windham 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.

Windham Home Appreciation Rates

Appreciation rates for homes in Windham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.51%, which ranks in the top 30% nationwide. This equates to an annual average Windham house appreciation rate of 7.62%.

Appreciation rates are so strong in Windham that despite a nationwide downturn in the housing market, Windham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Windham appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Windham. Windham appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.

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

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

Average Home Values

Median Home Value

$547,626

Windham, ME Home Prices
> $1,471,000
$1,104,001 - $1,471,000
$736,001 - $1,104,000
$589,001 - $736,000
$441,001 - $589,000
$294,001 - $441,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
0.9%
0.9%
4.2%
4.2%
12.8%
12.8%
16.7%
16.7%
23.0%
23.0%
30.2%
30.2%
9.3%
9.3%
1.1%
1.1%
1.8%
1.8%
0% 100.0%
% of Homes
Very High

for Maine

Very High

for nation

Number of Homes And Apartments:

7,471

Windham Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,113 / per month

Homeownership Rate

Owners
Renters
81.7%
81.7%
18.3%
18.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.3%
10.3%
89.7%
89.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.0%
26.0%
44.4%
44.4%
18.4%
18.4%
11.1%
11.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.6%
84.6%
4.2%
4.2%
6.3%
6.3%
2.5%
2.5%
2.5%
2.5%
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
0.4%
0.4%
6.3%
6.3%
27.4%
27.4%
46.2%
46.2%
17.2%
17.2%
2.4%
2.4%
0% 100.0%
% of Homes