Commercial Real Estate Market in Lovell, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 3 off-market properties in Lovell, ME.
Market Trends
Lovell, ME spans 43.1 square miles in Oxford County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lovell, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Lovell, ME asks $52/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Lovell, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Lovell, ME asks $122/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 94.4%
- Special 4.6%
- Industrial 1%
Largest Zones share of zoned land by district
Rural District
Medium Density Residential
Resource Protection District
Wetland And Floodplains Requiring Shoreland Zone
Shoreland Limited Residential District
Medium Density Residential (MDR)
This zoning district is intended to include agriculture, governmental facility, guide services, open space use, recreation,
Market overview
Demographics & Economy
Lovell, ME has 1,095 residents in 1,319 households. Density runs 25 people per square mile. Median household income here is $72,308 and median gross rent $1,425 a month.
1,095
Population
1,319
Households
0.8
Avg Household Size
53
Median Age
33%
College-Educated
92%
High-School Grad
43.1 sq mi
ZIP Area
25
Density / Sq Mi
$72,308
Median Household Income
$42,946
Median Earnings
$1,425
Median Rent
$265,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stow | — | — |
| Chatham | — | — |
| Fryeburg | — | — |
| Waterford | — | — |
Commercial property in Lovell, ME asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lovell?
Commercial property in Lovell, ME asks an average of $7 per square foot. Multifamily carries the highest asking price at $122/SF.
Where does Realmo's Lovell market data come from?
Realmo compiles Lovell, ME figures from 14 active sale listings, 3 tracked off-market properties, the current Lovell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Lovell, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 27,665 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
