Millinocket, ME
Full City Profile · Maine · Penobscot County County
3.1
/5.0
B
Good
4,111
Population
725/sq mi density
$42,936
Median Income
$29,094 per capita
$86,500
Home Value
$157,934 Zillow
$555
Median Rent
25.4% income on rent
43°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
D
Economy
1.8 / 5.0
$42,936 median income, 12.2% unemployment
A+
Affordability
5.0 / 5.0
$86,500 home value, $555/mo rent
C+
Education
2.6 / 5.0
19.8% bachelor's degree or higher
Housing Overview
Median Home Value
$86,500
69% below
US avg: $281,900
Median Rent
$555/mo
52% below
US avg: $1,163/mo
Homeownership Rate
83.3%
27% above US avg (65.4%)
Total Housing Units
2,767
Median year built: 1956
Home Value by Source
Census Median
$86,500
Zillow (ZHVI)
$157,934
Redfin Median Sale
$251,500
Median Sale Price
$251,500
Median List Price
$168,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
83.3%
Owner-Occupied
16.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,108/mo
1 Bedroom
$1,186/mo
2 Bedroom
$1,497/mo
3 Bedroom
$1,951/mo
4 Bedroom
$2,190/mo
Census median rent:
$555/mo
Market Indicators (Redfin)
Median Sale Price
$251,500
Median Days on Market
120 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
22.2%
of listings with price reduction
Price Per Sq Ft
$142
Active Inventory
36
homes for sale
Affordability & Housing Stock
Rent Burden
25.4%
of renters spending 30%+ of income on housing
18% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
83.3%
Complete Housing Data
Home Values
| Census Median Value | $86,500 |
| Zillow Home Value (ZHVI) | $157,934 |
| Redfin Median Sale | $251,500 |
| Median Sale Price | $251,500 |
| Median List Price | $168,500 |
| Price Per Sq Ft | $142 |
Rent
| Census Median Rent | $555 |
| FMR Studio | $1,108 |
| FMR 1-Bedroom | $1,186 |
| FMR 2-Bedroom | $1,497 |
| FMR 3-Bedroom | $1,951 |
| FMR 4-Bedroom | $2,190 |
Market
| Days on Market | 120 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.2% |
| Homes Sold | 2 |
| Active Inventory | 36 |
| Price Per Sq Ft | $142 |
Ownership & Stock
| Owner-Occupied | 83.3% |
| Renter-Occupied | 16.7% |
| Homeownership Rate | 83.3% |
| Total Housing Units | 2,767 |
| Median Year Built | 1956 |
| Rent Burden | 25.4% |