Market Overview
Home Prices in Lovell, ME
The median home value in Lovell, ME is $544,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lovell are priced33% above average.
Over the past five years, Lovell home values have risen by approximately23.2%, reflecting strong long-term appreciation in this market.
Price History
Lovell Home Price Trend
2020
$333,072
$333K
—
2021
$441,711
$442K
+32.6%
2022
$533,907
$534K
+20.9%
2023
$513,302
$513K
-3.9%
2024
$547,266
$547K
+6.6%
2025
$546,017
$546K
-0.2%
2026
$544,149
$544K
-0.3%
City Comparison
Lovell vs. National Median
🏠 Lovell
$544,149
National Median
$410,000
At $544,149, homes in Lovell cost 33% above the national median of $410,000. Buyers in Lovell should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lovell?
20% Down Payment
$108,830
on $544,149
Monthly P&I
$2,838/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,604/mo
incl. taxes & insurance
Income Needed
$144,160
gross annual (30% rule)
10% Down Option
$54,415
+ PMI applies
Loan Amount (20% dn)
$435,319
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 Lovell, ME?
The median home value in Lovell is $544,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Lovell?
Over the past year, home values in Lovell have decreased by 0.3%. Over five years, prices have risen approximately 23.2%.
How much do I need to earn to buy a home in Lovell?
To comfortably afford the median home price of $544,149 with a 20% down payment ($108,830) at today's rates (6.8%), you'd need a gross annual income of approximately $144,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lovell compare to the national average home price?
The national median home value is approximately $410,000. At $544,149, homes in Lovell are 33% above the national average.