House Prices

House Prices & Home Values Peaks Island, ME 2026


Average Data

average house price$570,529
average size per house1562 ft²
average price per ft²366 $ / ft²

05/20/2026 - The value range (VR) for house prices in Peaks Island, ME is $365/ sqft to $365/ sqft. An average home with 1562 sqft costs approximately $570,130 to $570,130. Peaks Island, ME includes 1 ZIP codes and it is located in Cumberland county. The lowest prices are found in ZIP 04108, while the highest are in ZIP 04108. The average price per sqare feet is $366. Our analysis is based on 77 property listings.

Avergage prices by ZIP codes Peaks Island

04108373 $ / ft²


House prices by neighborhoods in Peaks Island

Backshore371 $ / ft²
Brackett Point373 $ / ft²
Centennial Beach371 $ / ft²
City Point330 $ / ft²
Greenwood Gardens348 $ / ft²
Hadlock Cove392 $ / ft²
Jones Landing370 $ / ft²
Peaks Island Village377 $ / ft²
Trefethen Evergreen361 $ / ft²
Trefethen Landing400 $ / ft²




Historical development of home values in Peaks Island

Year Estimated value (USD) Change vs. 2025
2010 $264,964 -53.6%
2011 $254,718 -55.4%
2012 $254,032 -55.5%
2013 $263,527 -53.8%
2014 $276,631 -51.5%
2015 $290,828 -49.0%
2016 $306,006 -46.4%
2017 $322,522 -43.5%
2018 $340,353 -40.3%
2019 $356,135 -37.6%
2020 $374,545 -34.4%
2021 $426,005 -25.3%
2022 $496,626 -13.0%
2023 $523,715 -8.2%
2024 $554,013 -2.9%
2025 $570,529 0.0%

Graph: estimated home values in Peaks Island over time (USD)



Example: 100% financing house in Peaks Island

Loan amount: $570,529

Interest rate: 6.00%

Fixed monthly payment: $3,420.61

Breakdown in the 1st month:
Interest portion: $2,852.65  –  Principal portion: $567.96

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,041.15 $7,006.16 $563,522.84
2 $33,609.03 $7,438.29 $556,084.55
3 $33,150.25 $7,897.07 $548,187.48
4 $32,663.18 $8,384.14 $539,803.35
5 $32,146.06 $8,901.25 $530,902.09
6 $31,597.05 $9,450.26 $521,451.83
7 $31,014.18 $10,033.14 $511,418.69
8 $30,395.36 $10,651.96 $500,766.73
9 $29,738.37 $11,308.95 $489,457.79
10 $29,040.86 $12,006.46 $477,451.33
11 $28,300.33 $12,746.99 $464,704.34
12 $27,514.12 $13,533.20 $451,171.14
13 $26,679.42 $14,367.89 $436,803.25
14 $25,793.24 $15,254.07 $421,549.17
15 $24,852.40 $16,194.91 $405,354.26
16 $23,853.54 $17,193.78 $388,160.48
17 $22,793.06 $18,254.25 $369,906.23
18 $21,667.18 $19,380.14 $350,526.09
19 $20,471.85 $20,575.46 $329,950.63
20 $19,202.81 $21,844.51 $308,106.12
21 $17,855.48 $23,191.83 $284,914.29
22 $16,425.06 $24,622.25 $260,292.04
23 $14,906.42 $26,140.90 $234,151.14
24 $13,294.10 $27,753.21 $206,397.92
25 $11,582.34 $29,464.97 $176,932.95
26 $9,765.01 $31,282.31 $145,650.64
27 $7,835.59 $33,211.73 $112,438.91
28 $5,787.16 $35,260.16 $77,178.76
29 $3,612.39 $37,434.93 $39,743.83
30 $1,303.48 $39,743.83 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Peaks Island, ME


1500 sqft3900 sqft
Ø selling price$664,290$1,413,126
Ø fast selling$603,900$1,271,814
Ø high price sale$724,681$1,554,439

In 2026, houses in Peaks Island, ME will be offered at an average price of $366 per square foot. A 1,500 sqft home priced at $664,290 is 23.48% more expensive per square foot than a 3,900 sqft home priced at $1,413,126. Home prices in Peaks Island, ME vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $978,319. Sellers who can wait longer may achieve a higher price of up to $1,195,722.

FAQ – Home Values in Peaks Island

What is the median home value in Peaks Island in 2026?

In 2026, the typical home value in Peaks Island is about $570,529 for an average home size of 1562 square feet. This corresponds to an average price of roughly $366 per square foot.

What is the average cost per square foot in Peaks Island?

In 2026, homes in Peaks Island sell for an average of around $366 per square foot, with a typical range between $365 and $365 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Peaks Island is about 1562 square feet, with an estimated 2026 value around $570,529.



Locations close to Peaks Island, ME

Portland, ME365 $ / ft²
Cumberland Foreside, ME310 $ / ft²
Auburn, ME106 $ / ft²
Cape Elizabeth, ME376 $ / ft²
South Portland, ME274 $ / ft²
Falmouth, ME221 $ / ft²
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