Commercial Real Estate Market in Somerville, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 1 off-market property in Somerville, ME.
Market Trends
Somerville, ME spans 75.3 square miles in Lincoln County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Somerville, 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 Somerville, ME asks $264/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 Somerville, 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 vacancy in Somerville, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 11.3%
- Industrial 1.9%
Largest Zones share of zoned land by district
Unknown Zone
Limited Residential
Development
Resource Protection
Stream Protection
Limited Residential (LR)
The Limited Residential District includes those areas suitable for residential and recreational development.
Market overview
Demographics & Economy
Somerville, ME has 3,152 residents in 1,891 households. Density runs 42 people per square mile. Median household income here is $72,734 and median gross rent $1,061 a month.
3,152
Population
1,891
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
95%
High-School Grad
75.3 sq mi
ZIP Area
42
Density / Sq Mi
$72,734
Median Household Income
$36,800
Median Earnings
$1,061
Median Rent
$230,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Windsor | — | — |
| Washington | — | — |
| Palermo | — | — |
| Jefferson | — | — |
Commercial property in Somerville, ME asks $302/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerville?
Commercial property in Somerville, ME asks an average of $302 per square foot. Retail carries the highest asking price at $264/SF.
Where does Realmo's Somerville market data come from?
Realmo compiles Somerville, ME figures from 9 active sale listings, 1 tracked off-market properties, the current Somerville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Somerville, 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: 14,593 zoned acres across 5 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
