Penobscot County, Maine Housing Market
In Penobscot County, Maine, the median home value is $214,100, with a median monthly rent of $1,041. This places Penobscot County at #1256 nationally out of 3134 counties by median home value, and #11 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: $1,091
- Establishments: 4,864
- BLS QCEW, 2025
Housing Supply
- Single-family: 316
- Multi-family: 170
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 64,320 (avg $73,172)
- Outflow: 61,025 (avg $73,810)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Penobscot County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 04474 | 265.1 | +15.98% | 2025 |
| 2 | 04461 | 288.0 | — | 2024 |
| 3 | 04473 | 292.8 | -1.35% | 2025 |
| 4 | 04401 | 285.4 | +5.54% | 2025 |
| 5 | 04444 | 291.7 | +1.57% | 2025 |
| 6 | 04412 | 284.3 | +0.47% | 2025 |
| 7 | 04468 | 289.9 | +1.10% | 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 Penobscot County Compares
| Metric | Penobscot County | Maine Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $214,100 | $260,725 | $227,706 |
| Median Gross Rent | $1,041 | $1,020 | $968 |
| Owner Occupancy Rate | 70.5% | 76.6% | 73.3% |
| Price/Rent Ratio | 17.1 | 20.9 | 18.7 |
Market Analysis
The median home value in Penobscot County is 17.9% below the Maine state average and 6.0% below the U.S. national average. The median rent of $1,041/month is 2.1% above the state average.
With a price-to-rent ratio of 17.1, the buy-vs-rent decision in Penobscot County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Penobscot County has an owner-occupancy rate of 70.5%, compared to 76.6% in Maine and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lake County | Ohio | $214,100 | $1,113 |
| Lubbock County | Texas | $214,100 | $1,178 |
| Washington County | Virginia | $214,000 | $854 |
| Linn County | Iowa | $214,300 | $945 |
| Person County | North Carolina | $213,900 | $864 |
Other Counties in Maine
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Oxford County | $217,300 | $836 | 80.6% |
| Franklin County | $194,700 | $802 | 76.3% |
| Kennebec County | $238,200 | $992 | 73.7% |
| Androscoggin County | $252,800 | $1,010 | 67.9% |
| Waldo County | $257,700 | $1,021 | 81.9% |
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).