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Beals

Learn about the people, housing, costs and businesses in Beals, Maine

Median Home$208,600
Median Rent$995/month
Population474
Leading IndustriesTransportation · Construction · Agriculture & Mining5% transportation
Home Value Growth⬆⬆⬆+48.4% over 2 years
Retirees24% of residentsabove average nationally
Homeowners78% of occupied units
NotableVeteran Community13% of residents · top 1% nationally
NotableAffordable Market$209k median home · lower cost than 82% of the country
Beals
ME

Frequently Asked Questions

What are today's mortgage rates in Beals?

As of today, the 30-year fixed mortgage rate for Beals is approximately 6.971% (7.010% 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 Beals?

The median home value in Beals is $209k. The median monthly rent is $995. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Beals?

Home values in Beals have increased 48.4% 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 Beals?

Based on a typical all-in ownership cost of $942/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Beals is $68k/year.

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What industries drive the economy in Beals?

The largest employment sectors in Beals are public administration (27%) and agriculture and mining (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.