Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up the median home price a bone-chilling 78.5% in just five short years, a new report reveals.
According to freshly published findings from industry news site Pro Tool Reviews, The Pine Tree State has experienced the most significant increase in median home prices of any of the fifty since 2019 — jumping from $219,000 to $391,000.
A lobster boat off the coast of Kennebunkport, Maine — the state’s housing market is undergoing a radical transformation in recent years. AP
The explosive growth comes in spite of the fact that Maine’s population has trickled upward a mere 0.32% since 2008, according to research conducted by Pew Charitable Trust — well below states like Texas (1.52%) and Florida (1.34%), better known for their heated housing markets in recent years.
Advertisement
Maine’s tiny capital, Augusta, experienced the most dramatic change, according to the report.
Neighboring New Hampshire slid into second place on the list, experiencing a 76.4% rise in average residential real estate prices since 2019.
The new wave of northern New England homesteaders don’t appear to be struggling to make their purchases either — The Granite State ranked highest for size of downpayment, boasting $72,750 on average.
Maine is home to one of the world’s most upscale McDonald’s, in the town of Kennebunk. Locations of the Golden Arches in the state are known for serving lobster rolls, the local specialty. Google Reviews
Another state in the region took third place on the overall list — Rhode Island, which experienced a 73% jump.
Meanwhile, the most affordable state for homebuyers right now is Louisiana, where the median home price is just $254,000, researchers revealed.
Advertisement
Texas took second place, followed by Oklahoma, Mississippi and Indiana rounding out the top five.
In a ranking of the most affordable housing markets in the country overall in 2024, Louisiana came in at number one. Bloomberg via Getty Images
In determining what “most affordable” means, Pro Tool Reviews took into account not just the median home price (in which case Oklahoma would take first, with its $240,300 median price tag) but also the average salary, average down payment and the amount of homes in the state that sell for more than their asking price.
“Only 13% of homes in Louisiana sell for over the list price,” the report analysis commented of the Bayou State, where the average salary is $54,134.08,
“This represents the fourth-lowest figure of all states analyzed — 27.3% of homes in the state have their list price lowered before being sold,” researchers said.
A student was killed in a crash involving a school bus in southern Maine on Tuesday morning, officials say.
The crash occurred around 7:30 a.m. near Edna Libby Elementary School in Standish, authorities said, and MSAD 6 School Superintendent Clay Gleason told News Center Maine it involved a student and a school bus.
Cumberland County Sheriff Kevin Joyce confirmed that an elementary school student was struck by an MSAD 6 school bus and died at the scene. He said Route 35 was shut down between Route 114 and Moody Road for the crash investigation.
MSAD 6 serves the towns of Buxton, Hollis, Limington, Standish, and Frye Island. Standish is a town with about 11,000 residents about 15 miles west of Portland.
Advertisement
The child who died was a student at Edna Libby Elementary School, the school district said. Joyce said only one student was on the bus at the time of the crash — the half-brother of the student who was killed.
“The Cumberland County Sheriff’s Office, along with other law enforcement agencies, will be reconstructing the accident, providing more information as we get it,” Joyce said. “What we do know now is we have a child that’s deceased. It’s tough anytime of the year, but not a good time of the year for a lot of families.”
Gleason said Edna Libby Elementary School planned to dismiss students at 11:30 a.m. to allow parents or caregivers to be with their children and for staff to receive support. All after school activities in the district were canceled, though the school day went on as scheduled in all other district schools.
“I have been in communication with the Cumberland County Sheriff’s Office and a full investigation will be forthcoming to determine how this tragic accident took place,” Gleason said in a message to the school community. “In this difficult time please keep those directly impacted in your thoughts – first and foremost the family of the student, as well as the students and staff of Edna Libby. Speculation or blame on social media is not productive or helpful and is disrespectful to the memory of the student and their family.”
Support services are being provided for the bus driver and the family, Joyce said.
Advertisement
No additional information has been released, but officials said they expect to have more to say later in the day.
PORTLAND (WGME) — The Maine Jewish community says the attack in Australia has left them mourning and on edge.
It comes amid an increase in antisemitic rhetoric, online and in our communities.
Members of Maine’s Jewish community say they have no choice but to take these increased threats seriously, especially in wake of the tragedy in Australia.
They are now increasing security, like during the menorah lighting for the first night of Hanukkah outside Portland City Hall Sunday.
Advertisement
The Jewish Community Alliance of Southern Maine says they’ve been coordinating with local law enforcement across the state since Sunday about heightened threat levels.
They say the attack in Australia is just the culmination of an increase in antisemitic actions that have been seen across the world in recent years, which Maine has not been isolated from.
“There were about, almost 16 antisemitic incidents, documented antisemitic incidents in 2024,” Jewish Community Relations Council Director Zach Schwartz said. “That represents the same increase that Sydney saw, which is a three-fold increase, so yeah, we could say by the numbers, that there is multiple orders of increased antisemitism in the state.”
The alliance says the story of Hanukkah is also more relevant than ever amid these attacks.
They say amid dark days, the Jewish community still finds ways to come together in hopes of lighting the way for a brighter future.
Advertisement
Governor Janet Mills issued a statement on both the shooting in Australia and at Brown University.
JOIN THE CONVERSATION (7)
“My prayers are with the victims of the tragedies in Providence and Australia, and I hope for the full recovery of all those injured. Innocent people, like those gathering for school or to celebrate their faith, should be free from fear of hateful acts such as these.”
An image from Michael T. Fay’s Facebook page shows him in front of the location on Allen Avenue in Portland, one of the franchises ordered closed. (Facebook screenshot)
Eight Subway locations closed last week by state regulators have reopened.
MTF Subway franchise owner Michael T. Fay has confirmed that all of his franchise locations in Maine are open for business, following the closure of eight of them last Wednesday.
Maine Revenue Services ordered what it characterized as “several” Subway locations closed for “for noncompliance with Part 3, 36 M.R.S.A.,” which primarily governs Maine’s sales and use tax.
Advertisement
The agency did not elaborate and would only reiterate Monday that, “Due to confidentiality requirements, MRS cannot comment on individual tax situations.”
In an email to the Sun Journal on Monday, Fay confirmed that eight of his locations were affected by the ordered closures, after the state revoked the registration certificates for each location.
Fay stated that none of his employees were laid off by the company.
MTF Subway locations affected:
Blue Hill
Brunswick
Advertisement
Hampden
Lisbon Falls
Portland
Topsham
Westbrook
Advertisement
Wiscasset
Advertisement
A long-time journalist, Christopher got his start with Armed Forces Radio & Television after college. Seventeen years at CNN International brought exposure to major national and international stories…
More by Christopher Wheelock