Hancock County, Maine Housing Market
In Hancock County, Maine, the median home value is $310,400, with a median monthly rent of $1,061. This places Hancock County at #571 nationally out of 3134 counties by median home value, and #6 within Maine.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,082
- Establishments: 2,780
- BLS QCEW, 2025
Housing Supply
- Single-family: 278
- Multi-family: 40
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,040 (avg $84,069)
- Outflow: 24,055 (avg $81,817)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Hancock County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 04609 | 485.1 | +5.65% | 2025 |
| 2 | 04429 | 258.4 | -4.54% | 2025 |
| 3 | 04605 | 317.3 | +0.08% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hancock County Compares
| Metric | Hancock County | Maine Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $310,400 | $260,725 | $227,706 |
| Median Gross Rent | $1,061 | $1,020 | $968 |
| Owner Occupancy Rate | 78.5% | 76.6% | 73.3% |
| Price/Rent Ratio | 24.4 | 20.9 | 18.7 |
Market Analysis
The median home value in Hancock County is 19.1% above the Maine state average and 36.3% above the U.S. national average. The median rent of $1,061/month is 4.0% above the state average.
With a price-to-rent ratio of 24.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hancock County has an owner-occupancy rate of 78.5%, compared to 76.6% in Maine and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Gloucester County | New Jersey | $310,400 | $1,531 |
| Bay County | Florida | $310,500 | $1,484 |
| Douglas County | Oregon | $310,300 | $1,055 |
| Berkeley County | South Carolina | $310,300 | $1,654 |
| Idaho County | Idaho | $310,200 | $789 |
Other Counties in Maine
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Knox County | $324,900 | $1,165 | 78.7% |
| Lincoln County | $332,700 | $1,055 | 82.5% |
| Sagadahoc County | $333,300 | $1,098 | 77.8% |
| Waldo County | $257,700 | $1,021 | 81.9% |
| Androscoggin County | $252,800 | $1,010 | 67.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).