Market Overview
Home Prices in Wells, ME
The median home value in Wells, ME is $594,818 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wells are priced45% above average. Wells is part of the Portland-South Portland, ME metro area.
Over the past five years, Wells home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Wells Home Price Trend
City Comparison
Wells vs. National Median
At $594,818, homes in Wells cost 45% above the national median of $410,000. Buyers in Wells should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wells?
20% Down Payment
$118,964
on $594,818
Monthly P&I
$3,102/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,940/mo
incl. taxes & insurance
Income Needed
$157,600
gross annual (30% rule)
10% Down Option
$59,482
+ PMI applies
Loan Amount (20% dn)
$475,854
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 Wells, ME?
The median home value in Wells is $594,818 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Wells?
Over the past year, home values in Wells have increased by 2%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Wells?
To comfortably afford the median home price of $594,818 with a 20% down payment ($118,964) at today's rates (6.8%), you'd need a gross annual income of approximately $157,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Wells compare to the national average home price?
The national median home value is approximately $410,000. At $594,818, homes in Wells are 45% above the national average.
What metro area is Wells part of?
Wells is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.