Market Overview
Home Prices in Springvale, ME
The median home value in Springvale, ME is $351,923 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Springvale are priced14% below average. Springvale is part of the Portland-South Portland, ME metro area.
Over the past five years, Springvale home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Springvale Home Price Trend
City Comparison
Springvale vs. National Median
At $351,923, homes in Springvale cost 14% below the national median of $410,000. This makes Springvale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Springvale?
20% Down Payment
$70,385
on $351,923
Monthly P&I
$1,835/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,330/mo
incl. taxes & insurance
Income Needed
$93,200
gross annual (30% rule)
10% Down Option
$35,192
+ PMI applies
Loan Amount (20% dn)
$281,538
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 Springvale, ME?
The median home value in Springvale is $351,923 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Springvale?
Over the past year, home values in Springvale have decreased by 0.4%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Springvale?
To comfortably afford the median home price of $351,923 with a 20% down payment ($70,385) at today's rates (6.8%), you'd need a gross annual income of approximately $93,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Springvale compare to the national average home price?
The national median home value is approximately $410,000. At $351,923, homes in Springvale are 14% below the national average.
What metro area is Springvale part of?
Springvale is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.