$268,697Average Value$170Average Price per Sq Ft46Homes 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
Joel Alexander,
an experienced agent in this area.
GreatSchools:
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On average, homes in Waterville, ME sell after 37 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, consistent with the median home sale price over the previous 12 months.
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.
Well-maintained ranch-style home in Waterville's desirable 55+ community. Open living area with mini-split heat/cooling, ceiling fans throughout, and durable vinyl plank flooring. Primary suite includes a private bath with walk-in shower and grab bars, plus a walk-in closet. Bright year round sunroom-style office space with French doors offers flexible use as a home office or den. Level,
Completely renovated in 2025, this move-in-ready 2-bedroom, 1-bath bungalow offers 760± square feet of thoughtfully designed living space on a 0.13-acre lot. The open-concept layout features cathedral ceilings, creating a bright and spacious feel throughout the main living area. The kitchen is equipped with brand-new appliances, modern cabinetry, and updated finishes. Designed with comfort and
Welcome to this beautifully maintained home offering space, comfort, and exceptional outdoor living on 1.75 acres. The first floor features hardwood floors throughout, a very large living room with a wood-burning fireplace, and an attached sunroom with oversized paneled pocket doors. A full bathroom, formal dining room, and spacious eat-in kitchen with granite countertops and bar seating complete
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
***Motivated Seller***Welcome to your new 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
Opportunity awaits with this 3-bedroom Cape-style home, built in 1988, featuring a one-car attached garage. The property has sustained significant fire, smoke, and water damage and will require extensive rehabilitation. Being sold **AS IS**, with no repairs or warranties by the seller. Buyers are encouraged to perform their own due diligence regarding the condition of the property and financing
Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted
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
Nestled on a beautifully landscaped double lot totaling over an acre, this charming 4-bedroom Cape offers the perfect blend of privacy, convenience, and outdoor living. The property features a stunning in-ground swimming pool surrounded by a spacious concrete patio and secure fenced area, complete with its own dedicated pool house--ideal for entertaining family and friends all summer long. Need
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
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
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.
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
Property Id: 1705770 Welcome to your new first floor 2 bedroom, 1 bathroom at 35 Spruce St in Waterville, ME! Enjoy hardwood floors, in unit washer/dryer and off-street parking. Pets allowed.
First Floor 2BR/1BA Apartment In Waterville- Available Soon !Rent: $1,475/MonthBedrooms: 2Bathrooms: 1Available: Early JulyLease Term: 12 MonthsUtilities Included: Heat, Water, Sewage Tenant Responsibilities: Tenant Responsible for Electricity, and Hot waterPets: Pets Negotiable with Recurring Monthly Pet FeeParking: 1 SpotLaundry: W/D Hookups in
Property Id: 1685440 Stunning second floor walk-up unit with 2 bedrooms, 1 full bathroom, kitchen amenities and included parking spot. Property is just 3 minutes from Colby College and 2 minutes from beautiful downtown Waterville. Utilities included: Heat, water and sewage. Electric included for an additional monthly fee (defined in lease agreement). Pets allowed for an
Property Id: 2739827 Welcome to your dream home at 9 Clearview Ave in Waterville, ME! This charming 3 bed, 2 bath single family home boasts modern amenities like a dishwasher, washer/dryer, and fireplace. With a fenced yard, garage, central heat, and a finished basement to stay cool, property won't last long. Don't miss out on this opportunity to call this quiet neighborhood your home!
Available Late July: Cozy Studio in the Heart of Waterville!Rent: $975Bedrooms: 0Bathrooms: 1Available: Late JulyLease Term: 12 MonthsUtilities Included: Water/SewerTenant Responsibilities: Electric, heating fuel, hot water, Pets: Pets are considered with a monthly pet feeParking: 2 off-street spots and one garage space Laundry: In unit W/D
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