There are currently 5,502 real estate properties in Kennebunk, ME, with a median automated valuation model (AVM) price of $604,699.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Kennebunk, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Kennebunk, ME, is $883,427.00, with the most expensive house in Kennebunk, ME, topping out at $9,520,351.00 and the cheapest home in Kennebunk, ME, clocking in at $38,751.00. In other words, there’s something for every potential homebuyer or savvy investor in Kennebunk, ME!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kennebunk, ME, is on a rollercoaster ride. The average rent price in Kennebunk, ME, is $2,255.00. Indeed, when looking to rent in Kennebunk, ME, you can expect to pay as little as $780.00 or as much as $3,180.00, with the average rent median estimated to be $2,240.00. The good news is that finding an affordable and desirable property to rent in Kennebunk, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Kennebunk is located in York, Maine, with an estimated municipal population of 11,424 residents. All of the best foreclosed homes for sale in Kennebunk are located in the following zip code areas on Foreclosure.com: 04043 04094. The estimated population per square kilometer (.62 miles) in Kennebunk is 125.
So, about how much do homes cost in Kennebunk? The most recent median value of resident-owned homes in Kennebunk is 331,389. An estimated 74.5 percent of households in Kennebunk own their homes, with an average family size of 2.74. The median household income in Kennebunk is 75,517, with36.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Kennebunk, the median commute time of resident workers (in minutes) is 26.6. And last, but certainly not least, are you looking for homes to rent in Kennebunk? If so, the average rent price paid by renters in Kennebunk is 964, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Kennebunk, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Kennebunk is 51.9, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Kennebunk is 58.5, with an average family size of 2.74.
The percentage of residents who report their race in Kennebunk is as follows:
| White | 97.1% |
| Black / African American | 0.1% |
| Asian | 2% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.5% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Kennebunk? Or maybe you are searching for 55+ active adult communities in and/or near Kennebunk?
The percentage of residents who report their age in Kennebunk is as follows:
| Under 10 | 7.6% |
| Aged 10-19 | 10.7% |
| 20s | 7.7% |
| 30s | 6.8% |
| 40s | 12.9% |
| 50s | 14.9% |
| 60s | 18.8% |
| 70s | 12.1% |
| 80+ | 8.4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Kennebunk with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Kennebunk.
How do you know that living in -- or moving to -- Kennebunk is right where you need to be? Perhaps you grew up in Kennebunk or already live nearby; therefore, the decision to buy a home in Kennebunk is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Kennebunk for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Kennebunk:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Kennebunk.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Kennebunk can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Kennebunk, meanwhile, can field multiple offers from more qualified buyers.
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