New Gloucester, ME

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

24 / 54

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$35,194

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$439,781

Median Home Sale Price

Top Earners

$68,224

Top-Earners Revenue

New Gloucester

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in New Gloucester.

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C

Challenging to Investors

New Gloucester Regulations

New Gloucester’s STRs are allowed but framed primarily as B&B/inn lodging with moderate permitting (home occupation permit, CO, site plan review for larger ops), state licensing (MRS sales tax, DHHS food) and performance standards. The maximum guest-room caps (7 for B&B, 15 for inn) and a “transient” definition limiting stays to ≤3 consecutive weeks, combined with Lake District environmental limits and reliance on a 2010 ordinance with potential inconsistent interpretation, create compliance hurdles and investor risk.

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About New Gloucester

New Gloucester is a small rural town in Cumberland County, Maine, with a population of approximately 5,800 residents. The town has a quiet, traditional New England character defined by rolling farmland, woodlands, and a strong sense of local history. It serves as a convenient gateway to both the Atlantic coast and the lakes and mountains of western Maine, and sits roughly 25 to 30 miles northwest of Portland, the state's largest city.

The Sabbathday Lake Shaker Village is one of the most significant historical sites in the region. Established in the late 18th century, it is the last active Shaker community in the world and is recognized as a National Historic Landmark. Visitors can tour the remaining Shaker buildings, browse a museum of Shaker crafts and artifacts, and explore the surrounding herb gardens. The village is located within New Gloucester itself, just a short drive from most points in town. (Sabbathday Lake Shaker Village)

Pineland Farms is a sprawling working farm and recreational property that has become a centerpiece of outdoor activity in the region. The property offers miles of marked hiking and cross-country ski trails, a farm market, a creamery, and year-round educational programs for families. Its preserved landscapes include woodlands, pastures, and the scenic campus of the former Pineland Center, making it a year-round destination for visitors of all ages. (Pineland Farms)

Just a short drive southeast of New Gloucester lies Freeport, a coastal town internationally known as the home of the original L.L.Bean flagship store and a dense concentration of outlet shopping. The town blends a historic New England downtown with the wooded shoreline of Casco Bay. (Freeport, Maine)

Further afield, Portland offers a vibrant waterfront Old Port district, a celebrated restaurant scene built around the working harbor, historic lighthouses, and ferries to the islands of Casco Bay. (Portland, Maine)

New Gloucester makes a compelling base for short-term rentals because of its central, low-traffic location within easy reach of Maine's most popular destinations. Guests can return each evening to a peaceful rural setting while spending days exploring the coast, hiking at Pineland Farms, learning about Shaker heritage, or driving on to the lakes and mountains of the western part of the state. This balance of quiet country character and proximity to beaches, historic towns, and Portland's urban amenities gives the area broad appeal for families, couples, and outdoor travelers throughout the year.

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