Damariscotta, ME

Key Performance Metrics

Market snapshot

Performance indicators for the Damariscotta short-term rental market based on reliable data.

Listings

46 / 162

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$23,929

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$456,343

Median Home Sale Price

Top Earners

$45,672

Top-Earners Revenue

Damariscotta

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Damariscotta.

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Very Investor friendly

Damariscotta Regulations

Allowed citywide with no local permits or caps; the only hurdles are simple state tax registration (9% lodging tax) and verifying zoning allows STRs, with no onerous fees, quotas, or inspections, creating a highly permissive investment climate.

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About Damariscotta

Damariscotta (/dæmrɪˈskɒtə/ DAM-ri-SKOT-ə) is a town in Lincoln County, Maine, United States. The population was 2,297 at the 2020 census. Damariscotta is the oyster capital of New England. A popular tourist destination, the towns of Damariscotta and Newcastle are linked by the Main Street bridge over the Damariscotta River, forming the "Twin Villages". The name Damariscotta derives from a native place-name meaning place of abundance of small fish (alewives).