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Bar Harbor

Learn about the people, housing, costs and businesses in Bar Harbor, Maine

Median Home$570,400
Median Rent$1,112/month
Population7,591
Leading IndustriesFinance & Insurance · Information & Media · Education6% finance & insurance
Home Value Growth⬆⬆⬆+23.5% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners77% of occupied units
Bar Harbor
ME

Frequently Asked Questions

What are today's mortgage rates in Bar Harbor?

As of today, the 30-year fixed mortgage rate for Bar Harbor is approximately 6.858% (6.893% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bar Harbor?

The median home value in Bar Harbor is $570k. The median monthly rent is $1,112. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bar Harbor?

Home values in Bar Harbor have increased 23.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bar Harbor?

Based on a typical all-in ownership cost of $1,395/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bar Harbor is $79k/year.

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What industries drive the economy in Bar Harbor?

The largest employment sectors in Bar Harbor are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.