$264,985Average Value$165Average Price per Sq Ft30Homes 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
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GreatSchools:
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On average, homes in Waterville, ME sell after 34 days on the market compared to the national average of 56 days. The median sale price for homes in Waterville, ME over the last 12 months is $250,000, down 1% from the median home sale price over the previous 12 months.
Well-maintained two-unit property located in Waterville, Maine. Each unit offers 3 bedrooms, 1 full bath, and washer/dryer hookups, providing flexible living options. The downstairs unit has been recently remodeled and features three new bedrooms, a new kitchen, and ample storage space. Recent improvements include drain tile installed at the back of the house, water filtration systems, 10 new
Tired of seeing houses that all feel the same? Step inside 74 High Street and discover a home with the kind of warmth, character, and updates that make it stand out the moment you step onto the covered porch. Built in 1925, this stone colonial carries the kind of character that's hard to recreate today. Over the years it has been updated, blending the charm of an older home with the comfort
One bedroom home conveniently located close to downtown Waterville and a variety of nearby amenities and restaurants. This property offers an excellent opportunity for homeowners or investors seeking an affordable and centrally located residence. Enjoy easy access to local dining, shopping, schools, and everyday conveniences, with Colby College, the Kennebec River waterfront, and Waterville's
This well-appointed Waterville home offers a classic and functional layout with timeless details throughout. The first floor features a spacious kitchen, a dining room highlighted by a charming arched entry, a welcoming center entry with staircase, and a bright living room with gleaming wood floors. A first-floor bedroom and bath provide flexible living options or convenient guest accommodations.
Welcome to your next home in the highly desirable Forest Park neighborhood in Waterville. This quality-built 4-bedroom, 3-bath home is both elegant and livable, offering the perfect blend of space, comfort, and style. The kitchen features granite countertops with plenty of workspace and storage, and flows into a quaint sitting area or office and a formal dining room with a stone hearth and gas
This is a great opportunity if you are looking for an owner-occupied residence, rental property or commercial space. The first-floor owner's unit has 3 bedrooms, main suite, and welcoming side porch. Upstairs there is 3-bedroom apartment with 2 baths. The full basement and attached barn/garage offer excellent storage.
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
Lovely end unit condo in move in shape! Direct access to your garage! Features an open layout and an attractive kitchen with all appliances that opens to the sunny living room. Two spacious bedrooms up & a modern full bath. Carpeting throughout was new in 2022. Condo has propane heat also. Lower level has a finished family room and separate laundry area. Great outdoor space to enjoy on your own
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.
Property Id: 1705771Second-floor duplex apartment available in Waterville, minutes from Colby College and downtown.This 650 sq ft 1+ bedroom unit includes a bonus room ideal for an office or guest space. The entire kitchen is newly updated.Stay comfortable year-round with a new high-efficiency heat pump (heating and A/C). Washer and dryer are included in the unit.Water
Large 1BR/1BA Apartment in Waterville! Available Now!- Close to Downtown Waterville, Colby College and Thomas College! - Large Living Room and Eat-In Kitchen. - Quiet and Desirable Community! - Coin-Op Laundry Machines Onsite! $1,200/Month. 12/mo Lease Required. Tenants are responsible for heat and electricity. Water/sewer, hot water, and snow and trash removal
?? 2 Bedroom Apartment | 12 Gold St, WatervilleLooking for a simple, affordable place with good space? This first-floor 2-bedroom apartment offers a practical layout and convenient features in a Waterville location.? Features:• 2 bedrooms with closet space• 1 full bathroom• Separate living room + dining area• Built-in shelving for extra storage/character•
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.
Coming Soon– Third Floor 2BR/1BA in Exceptionally Well Maintained, Quiet Waterville Building!- Large, Clean Unit with Plenty of Windows for Ample Light.- Newer paint, flooring and windows throughout.- Located in great neighborhood close to Colby, Main St., North St. and more! - No laundry on site but walking distance to several laundromats. $1,325/month. Heat and Hot
Newly Renovated 3 Bed - 1 Bath Apartment in Waterville! Available Now! - Fresh Paint and Flooring throughout the entire apartment. - Plenty of natural light with large windows! - Close to Downtown Waterville and all shopping/amenities - Top floor apartment in a quiet and desirable building $1,425/Month. 12 Month Lease. Tenants are resposnible for electric. Everything
This 1-bedroom, 1-bathroom property at 13 Pleasant Pl offers a total square footage ranging from 205 to 225 sq. ft. The unit features vinyl and tile floors and is smoke-free, ensuring a clean living environment. The loft layout provides an open and airy feel, maximizing the use of it's demure space. The bedroom is designed for comfort and functionality, while the bathroom offers a cozy retreat.
Located in a nice quiet neighborhood within walking distance to major food store, hardware store, restaurants and coffee shop. Recently renovated with an enclosed porch with full size clothes washer and dryer. Paved driveway for two vehicles. Two private entrances one inside and one outside. Internet included. Two bedroom, living room, kitchen with small dining area and bathroom is recently
Located in the heart of downtown Waterville, this spacious2-bedroom apartment offers an open-concept design combining a modern kitchen and living room space. Enjoy the convenience of living steps away from local shops, restaurants, and entertainment.Key Features:• 2 Bedrooms• Open Concept living and kitchen area, perfect for entertaining• Small Deck on the 3rd floor with
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