House Prices

Drakes Island Wells, ME House Prices & Home Values 2026


Average Data

average house price$391,923
average size per house1505 ft²
average price per ft²260 $ / ft²

05/20/2026 - The value range (VR) for house prices in Drakes Island Wells, ME is $247/ sqft to $273/ sqft. An average home with 1505 sqft costs approximately $369,877 to $408,811. Wells, ME includes 1 ZIP codes and it is located in York county. The lowest prices are found in ZIP 04090, while the highest are in ZIP 04090. The average price per sqare feet is $260. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Drakes Island Wells

04090233 $ / ft²




Historical development of home values in Drakes Island Wells

Year Estimated value (USD) Change vs. 2025
2010 $182,016 -53.6%
2011 $174,978 -55.4%
2012 $174,506 -55.5%
2013 $181,029 -53.8%
2014 $190,031 -51.5%
2015 $199,784 -49.0%
2016 $210,210 -46.4%
2017 $221,556 -43.5%
2018 $233,804 -40.3%
2019 $244,646 -37.6%
2020 $257,293 -34.4%
2021 $292,642 -25.3%
2022 $341,155 -13.0%
2023 $359,764 -8.2%
2024 $380,577 -2.9%
2025 $391,923 0.0%

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



Example: 100% financing house in Drakes Island Wells

Loan amount: $391,923

Interest rate: 5.97%

Fixed monthly payment: $2,342.22

Breakdown in the 1st month:
Interest portion: $1,949.82  –  Principal portion: $392.41

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,266.80 $4,839.87 $387,083.13
2 $22,969.82 $5,136.85 $381,946.27
3 $22,654.61 $5,452.06 $376,494.22
4 $22,320.07 $5,786.60 $370,707.62
5 $21,965.00 $6,141.67 $364,565.95
6 $21,588.14 $6,518.53 $358,047.42
7 $21,188.16 $6,918.51 $351,128.91
8 $20,763.63 $7,343.04 $343,785.87
9 $20,313.06 $7,793.61 $335,992.26
10 $19,834.83 $8,271.84 $327,720.42
11 $19,327.27 $8,779.40 $318,941.02
12 $18,788.55 $9,318.12 $309,622.90
13 $18,216.78 $9,889.89 $299,733.01
14 $17,609.93 $10,496.74 $289,236.28
15 $16,965.84 $11,140.83 $278,095.45
16 $16,282.23 $11,824.44 $266,271.01
17 $15,556.67 $12,550.00 $253,721.01
18 $14,786.59 $13,320.08 $240,400.93
19 $13,969.26 $14,137.41 $226,263.52
20 $13,101.78 $15,004.89 $211,258.63
21 $12,181.06 $15,925.61 $195,333.02
22 $11,203.85 $16,902.82 $178,430.20
23 $10,166.68 $17,939.99 $160,490.21
24 $9,065.86 $19,040.81 $141,449.40
25 $7,897.50 $20,209.17 $121,240.23
26 $6,657.45 $21,449.22 $99,791.01
27 $5,341.30 $22,765.37 $77,025.65
28 $3,944.40 $24,162.27 $52,863.37
29 $2,461.78 $25,644.89 $27,218.48
30 $888.19 $27,218.48 $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 Drakes Island Wells, ME


1500 sqft3900 sqft
Ø selling price$469,541$998,841
Ø fast selling$426,856$898,957
Ø high price sale$512,227$1,098,725

In 2026, houses in Drakes Island Wells, ME will be offered at an average price of $260 per square foot. A 1,500 sqft home priced at $469,541 is 22.89% more expensive per square foot than a 3,900 sqft home priced at $998,841. Home prices in Drakes Island Wells, ME vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $691,506. Sellers who can wait longer may achieve a higher price of up to $845,173.

FAQ – Home Values in Drakes Island Wells

What is the median home value in Drakes Island Wells in 2026?

In 2026, the typical home value in Drakes Island Wells is about $391,923 for an average home size of 1505 square feet. This corresponds to an average price of roughly $260 per square foot.

What is the average cost per square foot in Drakes Island Wells?

In 2026, homes in Drakes Island Wells sell for an average of around $260 per square foot, with a typical range between $247 and $273 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Drakes Island?

The average home size in Drakes Island Wells is about 1505 square feet, with an estimated 2026 value around $391,923.



Neighborhoods close to Drakes Island Wells, ME

Prides Corner Westbrook, ME203 $ / ft²
Buxton Center Buxton, ME220 $ / ft²
Yarmouth Village Yarmouth, ME191 $ / ft²
Waterford Flat Waterford, ME194 $ / ft²
Waterboro Center Waterboro, ME133 $ / ft²
Bay Park Topsham, ME212 $ / ft²
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