Farmington, ME

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

87 / 168

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$19,441

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$277,905

Median Home Sale Price

Top Earners

$46,158

Top-Earners Revenue

Farmington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Farmington.

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C

Challenging to Investors

Farmington Regulations

Allowed via traditional lodging categories but modern STRs lack a dedicated framework, so investors must fit into Bed & Breakfast, Boarding/Lodging, or Hotel/Motel with varying Planning Board approvals and standard permitting; no explicit caps, yet unclear guidance and overlay rules raise compliance risk.

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About Farmington

Farmington is a small town in Franklin County in western Maine, with a population of approximately 7,600 residents. It serves as the county seat and is best known as home to the University of Maine at Farmington, one of the state's premier liberal arts colleges, which gives the town a youthful, college-town feel alongside its traditional New England character. Farmington sits in the foothills of the western Maine highlands and is widely considered a gateway to some of the region's most popular outdoor destinations, including Sugarloaf Mountain and the broader Rangeley Lakes area. It lies roughly ninety miles southeast of Portland and about an hour and a half north of the nearest larger commercial centers along the I-95 corridor.

A short drive north of town, Sugarloaf Mountain rises as one of New England's largest ski resorts and a year-round outdoor destination. The mountain draws skiers in winter and hikers, mountain bikers, and golfers in warmer months, and the drive from Farmington takes roughly forty-five minutes along scenic back roads. In addition to the ski area itself, the surrounding Carrabassett Valley offers rivers, trails, and small villages that complement a longer mountain getaway.

Just minutes from downtown, Wilson Lake provides a classic Maine waterway experience with swimming, kayaking, canoeing, and small-craft boating along a quiet shoreline framed by forested hills. The lake is part of what locals call the "Chain of Ponds" region and is a popular spot for visitors looking to swim, fish, or simply enjoy a sunset over the water. Its proximity to town makes it an easy day-use amenity for short-term rental guests.

Downtown Farmington itself has a walkable Main Street lined with locally owned shops, restaurants, and the restored Nordica Homestead, the birthplace of the famous early twentieth-century opera singer Lillian Nordica. The homestead and small museum offer a glimpse into the town's nineteenth-century roots and add a cultural counterpoint to the area's outdoor reputation. A few blocks away, the University of Maine at Farmington campus contributes bookstores, coffee shops, and seasonal events that enliven the town year-round.

A bit farther afield, the broader Franklin and Oxford county region offers additional draws, including the Rangeley Lakes area to the northwest and the Maine Mineral and Gem Museum in nearby Bethel, each reachable within about an hour. Together, these destinations make Farmington a well-rounded base for travelers who want a quiet small-town stay with easy access to mountains, lakes, and the wider western Maine experience.

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