Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Biddeford

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

Median Home$411,600
Median Rent$1,450/month
Population22,498
Leading IndustriesProfessional Services · Public Administration3% professional services
Home Value Growth⬆⬆⬆+22.8% over 2 years
Young Adults41% of residentstop 2% nationally
Renters52% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Biddeford
ME

Frequently Asked Questions

What are today's mortgage rates in Biddeford?

As of today, the 30-year fixed mortgage rate for Biddeford is approximately 6.875% (6.910% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Biddeford
What is the median home price in Biddeford?

The median home value in Biddeford is $412k. The median monthly rent is $1,450. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Biddeford?

Home values in Biddeford have increased 22.8% 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 Biddeford?

Based on a typical all-in ownership cost of $1,519/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Biddeford is $81k/year.

Calculate your buying power
What industries drive the economy in Biddeford?

The largest employment sectors in Biddeford are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.