East Millinocket, ME—04430
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Millinocket, ME
As of Oct '25, the median home price in East Millinocket, ME is $157,000, with a year-over-year change of 7.4%. This indicates that home prices in East Millinocket, ME are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 7.4% |
| Single Family | $157,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Millinocket, ME
As of July '25, Rentcast reports the average rent in East Millinocket, ME is $1,150, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in East Millinocket, ME is 1-bedrooms: $875, 2-bedrooms: $1,280, 3-bedrooms: $1,300. The most common rental property sizes in East Millinocket, ME are studio and 3-bedroom, accounting for 50.7% and 17.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $875 |
| 2 Bed Rent | $1,280 | $1,280 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Millinocket, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in East Millinocket, ME is 61. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $201,000 | 3.0% |
Listing Count | 17 | 28.0% |
| Listings as % of Homes | 0.7% | 28.0% |
Days on Market | 61 | -9.0% |
Demographics — East Millinocket, ME
As of the latest ACS Survey released in 2023, East Millinocket, ME has a population of 1,540, which has decreased by -12.6% over the past 5 years. East Millinocket, ME is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,540 | -12.6% |
% Under 18 | 22.7% | 26.8% |
% Seniors | 21.9% | -12.7% |
% WFH | 11.2% | 83.6% |
% w/ College Degree | 22.5% | 84.4% |
As of the latest ACS Survey released in 2023, East Millinocket, ME is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in East Millinocket, ME is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.4% of the population in East Millinocket, ME, and this percentage has decreased by 75.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.9% | 2.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | -16.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -75.0% |
Mortgage and Risk — East Millinocket, ME
According to HUD data as of 2023, there were 15 mortgage originations in East Millinocket, ME, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in East Millinocket, ME. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — East Millinocket, ME
East Millinocket, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $875 | $880 |
| 2 Bedroom | -$160 | $1,280 | $1,120 |
| 3 Bedroom | $130 | $1,300 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — East Millinocket, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $157,000 |
| Median Household Income | $44,300 |