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East Millinocket, ME—04430

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$173,000
1.1% YoY Growth
Household Income
$44,300
12.3% YoY Growth
Days on Market
131
17.0% Shorter YoY
Home Price Forecast
1.1%
Median Rent
$1,280
14.8% YoY Growth
1-Bed Rent
$875
N/A
2-Bed Rent
$1,280
N/A
3-Bed Rent
$1,300
3.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — East Millinocket, ME

As of May '26, the median home price in East Millinocket, ME is $173,000, with a year-over-year change of 1.1%. This indicates that home prices in East Millinocket, ME are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$173,0001.1%
Single Family $173,0001.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    10.4%
    1 Bedroom
    3.2%
    2 Bedrooms
    13.1%
    3 Bedrooms
    62.1%
    4 Bedrooms
    10.1%
    5+ Bedrooms
    1.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,280$1,150
    Studio Rent N/AN/A
    1 Bed Rent $875$875
    2 Bed Rent $1,280$1,280
    3 Bed Rent $1,300$1,300
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    50.7%
    1 Bedroom
    10.7%
    2 Bedrooms
    13.3%
    3 Bedrooms
    17.3%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    1.3%

    Property Listings — East Millinocket, ME

    As of May '26, Realtor.com reports that the median days on market for a home in East Millinocket, ME is 131. This is a decrease of -17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$188,00088.0%
    Listing Count
    		1692.0%
    Listings as % of Homes0.7%92.0%
    Days on Market
    		131-17.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$5$875$880
    2 Bedroom-$160$1,280$1,120
    3 Bedroom$130$1,300$1,430
    4 BedroomN/AN/A$1,540

    Affordability — East Millinocket, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home Price$173,000
    Median Household Income$44,300

    East Millinocket, ME — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    04460

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    04733

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    Frequently Asked Questions