Market Overview
Home Prices in Alfred, ME
The median home value in Alfred, ME is $487,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alfred are priced19% above average. Alfred is part of the Portland-South Portland, ME metro area.
Over the past five years, Alfred home values have risen by approximately35.6%, reflecting strong long-term appreciation in this market.
Price History
Alfred Home Price Trend
City Comparison
Alfred vs. National Median
At $487,219, homes in Alfred cost 19% above the national median of $410,000. Buyers in Alfred should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Alfred?
20% Down Payment
$97,444
on $487,219
Monthly P&I
$2,541/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,227/mo
incl. taxes & insurance
Income Needed
$129,080
gross annual (30% rule)
10% Down Option
$48,722
+ PMI applies
Loan Amount (20% dn)
$389,775
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alfred, ME?
The median home value in Alfred is $487,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10% year-over-year.
How much have home prices changed in Alfred?
Over the past year, home values in Alfred have increased by 10%. Over five years, prices have risen approximately 35.6%.
How much do I need to earn to buy a home in Alfred?
To comfortably afford the median home price of $487,219 with a 20% down payment ($97,444) at today's rates (6.8%), you'd need a gross annual income of approximately $129,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Alfred compare to the national average home price?
The national median home value is approximately $410,000. At $487,219, homes in Alfred are 19% above the national average.
What metro area is Alfred part of?
Alfred is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.