$268,648Average Value$161Average Price per Sq Ft25Homes For Sale
A college town on the Kennebec River with a revitalized Main Street
As the name implies, Waterville’s fate rose on the currents of the Kennebec River, which flows along the east side. It was a mill town during the Victorian era, which led to boom years. Government buildings done up in Beaux Arts architecture, plus a Greek Revival post office, boosted the city’s profile. The presence of Colby College and Thomas College ensure that Waterville retains a kernel of cultural aspiration, giving it the reputation of an academic town. But on a broader scale, the town is focused on creating a healthy, balanced economy and a bustling Main Street. Manufacturing is still part of the town’s identity. “We have some major employers like T Mobile, but also several lumber companies, plus a plant on the water that produces paper plates,” says Don Plourde, a realtor with Coldwell Banker and a lifelong resident. “Colby College has invested about $200 million in the revitalization of Main Street. This has spurred other developers. The old Lockwood Mill at the end of Main is being converted into multi-family units. The sidewalks have been widened, too. In the summer you’ll see plenty of people enjoying open air dining.”
Welcome to Downtown Waterville, ME.
Waterville's economy historically relied on the Kennebec River.
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'Wide range of homes' in Waterville
The town is modestly sized at 16,000 people, but there isn’t just one type of housing style here. “We have a wide range of homes, including multi-family and single family, some of which can be quite large colonials,” says Plourde. Classic styles like Cape Cods and ranches are lined up along sidewalks and usually have mature trees on the lot. Assorted two-story homes from the early 1900s are also in the mix, topped by a sharply gabled roof. Sometimes they feature a front porch while other times they have a flat façade. Some of the colonials that Plourde mentions are brick, reminiscent of City Hall. They can grow up into the 5,000 square foot range, priced at around $600,000. But the local median is $248,000 — greatly below the national median.
Cape Cod homes are common along the streets of Waterville.
Beautiful historic homes are a common sight near downtown Waterville.
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Colby College and Thomas College have dynamic campuses
Waterville Public Schools receives a C-plus from Niche. Colby College is a private liberal arts institute with over 2,000 students. The campus is known for its Neo-Georgian architecture that overlooks downtown Waterville. The student body is a similar size at Thomas College, where nearly half are involved in varsity sports. Plus, the esports program is gearing up to expand facilities and coaching staff.
Colby College is a large employer and important economic driver for the Waterville area.
Waterville High School serves students in grades 9-12.
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Programs for kids at North Street Recreation Area
Seasonal fluctuations play a part in Waterville’s identity. The surrounding area is populated with lakes, making summer a natural time for tourists to descend. “The Belgrade Lakes are 20 minutes from here, and there are beaches at some of them,” says Plourde. “There’s a fair amount of kayaking and canoeing on the Kennebec River in the summertime. You can go all the way down to Augusta. It’s nice, I’ve done it a few times.” The North Street Recreation Area brings plenty of fun with a playground, trails, athletic facilities and a pool with water park. “It’s great for kids in the area,” says Plourde. “There are lots of programs connected with the YMCA.” Dog owners can go to the fenced in Waterville Dog Park. Each July, the Maine International Film Festival screens 100 films over 10 days at local venues.
The Kennebec River offers Waterville residents beautiful scenery and wildlife viewing opportunites.
Waterville kids enjoy the playground at North Street Rec Area throughout the year.
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Cozy eateries on Main Street, plus big-box stores at Elm Plaza
Main Street is packed with locally owned businesses, giving residents a restaurant row to walk through. Cafes, pubs and bakeries make up the backbone, but there are also quiet sit-down locations. “I like Amici’s,” says Plourde. “It’s authentic Italian food.” Thursdays on Front Street brings out a farmers market. There’s no shortage of retail therapy, either. “There are a couple of shopping centers at each main artery coming into town, one of the most popular being the Elm Plaza,” says Plourde. Large amenities include Walmart and a Hannaford grocery store, but fast casual restaurants are nearby too.
Waterville residents can shop the wide variety at Elm Plaza.
Amici's Cucina is a local Waterville favorite for Italian fare.
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Commuting on U.S. Route 201 and Interstate 95
A walkable Main Street is certainly part of Waterville’s appeal, but residents will want a car. Interstate 95 on the west end is good for exploring the wider region, while Route 201 on the east end is a reliable straight shot to downtown Augusta, less than 20 miles south.
A slight reduction in overall crime
Waterville Police report that total offenses reduced slightly between 2022 and 2023, although total arrests were up slightly during that period. Property crimes vastly outweighed violent crimes.
Written By
Paul Spencer
Photography Contributed By
Colin Gee
Video By
Chris Freeman
Interested in learning more about homes in this area?
Reach out to
Patricia Berry,
an experienced agent in this area.
GreatSchools:
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On average, homes in Waterville, ME sell after 25 days on the market compared to the national average of 54 days. The median sale price for homes in Waterville, ME over the last 12 months is $250,000, consistent with the median home sale price over the previous 12 months.
***Seller is motivated*** This spacious five-bedroom home offers flexible living space and room to grow. The main level features an open kitchen, dining, and living area--ideal for everyday living and entertaining--along with two bedrooms and a full bathroom. Upstairs include three additional bedrooms, a large bonus room, and potential to add a second bath. A full basement provides plenty of
In a desirable, walkable Waterville neighborhood just minutes to downtown, shopping, parks, Colby College, and Thomas College, 4 Westview Drive is a classic Cape with charming curb appeal. A welcoming front entry opens to a bright front-to-back living room and a warm, comfortable layout. Recently refinished hardwood floors throughout the dining room, entry, living room, stairway, upstairs hall,
This classic Colonial offers solid bones, a functional layout, and room to build equity. Featuring 2 bedrooms and 1.5 baths, the home delivers comfortable, open-concept living with everyday practicality. The oversized primary bedroom is a standout -- truly spacious with plenty of room to create your own retreat. The first-floor laundry adds convenience, and the mudroom-style entry is perfect for
GREAT INVESTMENT PROPERTY!! Charming Updated 2-Unit Multi-Family in the Heart of Waterville! Ideally located within walking distance to local schools, parks, shopping, restaurants, and Colby College, this well-maintained and recently updated multi-family property offers both convenience and strong income potential.The building features a total of 7 bedrooms, 4 bathrooms, and approximately
Charming and spacious farmhouse with lots of potential. This 4 bedroom, 2 bath home sits on 1.7 acres, has a private, open yard, and a nice porch to relax and enjoy the Maine countryside. Recent updates include a metal roof, 4 year old furnace, and updated kitchen. The home also features 2 pellet stoves and one floor living if desired. The yard has a large slab to potentially put a new garage
Mark MichaudFontaine Family-The Real Estate Leader
Brand-new 2025 model home featuring 3 bedrooms and 2 full baths in a thoughtfully designed layout. Includes convenient first-floor laundry hookups and durable vinyl siding for low-maintenance living. Set within a well-managed park community, this residence blends modern comforts with community convenience.Park approval required; monthly association fee applies.
Welcome to Fair-Fields Business Park, where opportunity awaits right next to the highway with convenient access to Interstate 95 in Fairfield, Maine. This prime 5.21 acre lot is ready for development, offering industrial zoning and all the necessary utilities including power, water, and sewer available at the roadside. With its strategic location, this is the perfect spot to build your new
Discover modern, low-maintenance living in this brand-new 2025 manufactured home located in a well-managed Waterville park community. Featuring 3 bedrooms, 2 full baths, and approximately 880 sq. ft. of open-concept living space, this home is perfect for anyone looking for affordable, move-in-ready housing in Central Maine. Enjoy stylish laminate flooring, a bright and spacious kitchen,
Excellent Investment Opportunity - Two-Unit Property with Strong PotentialThis two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features
Corner lot in a quiet neighborhood. This property features a master suite with a soaking tub, double sink and a separate shower. You'll find another full bath on the opposite end with a second bedroom. There's a spacious kitchen with a butcher block island, and a nice size living room. Outside there's a shed, and a small deck. Motivated seller!
Located in one of Waterville's most prestigious neighborhoods, this exceptional home offers over 3,000 sq. ft. of elegant living space and 300 feet of frontage on the Messalonskee Stream. Enjoy breathtaking views and serene privacy just minutes from Colby College and MaineGeneral. This home features 3 spacious bedrooms and 2.5 beautifully appointed bathrooms, including a luxurious primary suite.
Hathaway Creative Center in Waterville, Maine offers loft living in a historical building with beautiful views. This mixed use building has apartments for rent with 25 floorplans to choose from. In all the lofts, one, two, or three-bedroom apartments, you will find top-of-the-line touches with excellent amenities. Each unit is remodeled with granite countertops, stainless steel appliances, tile
Orchard Park Apartments is an excellent apartment community surrounded by natural beauty. Located across from Thomas College and close to Colby College, Orchard Park Apartments consists of 12 buildings situated on 18 acres and near all Waterville amenities. With features such as a swimming pool, clubhouse and on-site management, you'll be living the good life at Orchard Park Apartments. Maine is
Find your home at Appleton Apartments in Waterville, ME. The 04901 location in Waterville has so much to offer its residents. Come for a visit to view the available floorplans. You'll experience a unique selection of features and amenities at this community. Stop by Appleton Apartments today.
Spacious 1 Bed - 1 Bath Apartment in Waterville! Available Late January - Close to I-95 and Downtown! - Close to Thomas and Colby College! - Recent updates such as flooring and painting in all areas of the apartment! - Private entrance and quiet building! $1,050/Month. 6 month lease with the option to renew for 12 months. Pets are ok with a monthly pet fee. 2
Cozy 2 Bed - 1 Bath Apartment Near Downtown Waterville! Available Now! - Plenty of off-street parking and easy access. - Walking distance to Downtown Waterville and all other shopping! - Third floor apartment in a quiet building! - Close to Thomas and Colby College $1,050/Month. 6 Month Lease with the option to renew for 12 Months. Tenants are responsible for
Spacious 3 Bed 1 Bath Unit in Waterville! Available Early April! - Comes with 2 off street parking spots - Heat and Water/Sewer Included- Close to Thomas and Colby College and walking distance to Downtown Waterville$1,300/Month Tenant Pays Electric/Hot Water. Cats Allowed With Monthly Pet Fee. 6 Month Lease with the option to renew for 12 months. Non-Smoking Unit. 2
Property Id: 2380645Well-maintained second-floor, two-bedroom apartment located in heart of Waterville in a quiet residential neighborhood. This bright and inviting unit features the hardwood, tile floors, enclosed sunporch. Enjoy access to a backyard and garage parking for added convenience. Walking distance to local shops, restaurants and everyday amenities, making daily errands
Coming Soon! - Spacious 3BR/1BA Duplex Near Downtown Waterville! - Plenty of off-street parking! - Meticulously maintained throughout the years- Near Downtown/Colby College/Thomas College - Several updates recently completed. $1,500/Month. Water/Sewer is included. Tenant is responsible for heat and electricity. 6-month lease with option to renew for 12 months. 2
Welcome to this inviting 3-bedroom, 2-bathroom home, complete with an one-car garage and an automatic garage door. The spacious driveway offers parking for two additional cars. The landlord will cover sewer costs, while tenants are responsible for heat, hot water, electricity, lawn care, snow removal, natural gas and water.This cozy property is available with a 12-month lease and is ideal
Available June 1st - Bright, FURNISHED 2BR Second-Floor Apartment in Central Waterville – Sunroom, Fireplace & More!- Comfortable and conveniently located, this furnished second-floor 2BR apartment.- Features include a fully equipped kitchen, spacious living room, two queen bedrooms with memory-foam mattresses;- TVs in both bedrooms and the living area, plus a dedicated workspace.
Property Id: 2350535Welcome to this delightful 2-bedroom, 1-bathroom multi-family apartment located at 68 High St, Waterville, ME. Enjoy cooking in a well-equipped kitchen featuring a dishwasher, microwave, range oven, and refrigerator, all designed to enhance your culinary experience. The central cooling and heat pump heating systems ensure year-round comfort, while the elegant tile
Property Id: 2366345Spacious 2 bedroom, 1 bath 2nd Floor apartment featuring a large eat-in kitchen, comfortable living room, and a dedicated office—ideal for remote work or extra flex space. The unit offers three separate entrances for added convenience.Shared laundry room onsite in a common area. Enjoy a large parking area and spacious shared yard on a quiet street.Rent:
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