Knox County, Maine Housing Market
In Knox County, Maine, the median home value is $324,900, with a median monthly rent of $1,165. This places Knox County at #508 nationally out of 3134 counties by median home value, and #5 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: $1,100
- Establishments: 2,149
- BLS QCEW, 2025
Housing Supply
- Single-family: 125
- Multi-family: 66
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,012 (avg $84,422)
- Outflow: 17,728 (avg $82,882)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Knox County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 04843 | 344.6 | -8.95% | 2025 |
| 2 | 04862 | 392.1 | +5.56% | 2025 |
| 3 | 04856 | 317.3 | +4.54% | 2025 |
| 4 | 04841 | 367.1 | +2.41% | 2025 |
| 5 | 04864 | 307.5 | -1.70% | 2024 |
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 Knox County Compares
| Metric | Knox County | Maine Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $324,900 | $260,725 | $227,706 |
| Median Gross Rent | $1,165 | $1,020 | $968 |
| Owner Occupancy Rate | 78.7% | 76.6% | 73.3% |
| Price/Rent Ratio | 23.2 | 20.9 | 18.7 |
Market Analysis
The median home value in Knox County is 24.6% above the Maine state average and 42.7% above the U.S. national average. The median rent of $1,165/month is 14.2% above the state average.
With a price-to-rent ratio of 23.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Knox County has an owner-occupancy rate of 78.7%, 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 |
|---|---|---|---|
| Cook County | Illinois | $324,500 | $1,435 |
| Lake County | California | $324,300 | $1,368 |
| Kings County | California | $324,300 | $1,331 |
| Jasper County | South Carolina | $325,500 | $1,328 |
| Asotin County | Washington | $325,600 | $1,043 |
Other Counties in Maine
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $332,700 | $1,055 | 82.5% |
| Sagadahoc County | $333,300 | $1,098 | 77.8% |
| Hancock County | $310,400 | $1,061 | 78.5% |
| Waldo County | $257,700 | $1,021 | 81.9% |
| York County | $395,700 | $1,339 | 77.3% |
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).