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Bingham

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

Median Home$153,500
Median Rent$569/month
Population630
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Healthcare16% wholesale trade
Home Value Growth⬆⬆+18.9% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners87% of occupied units
NotableTransit86/100 · excellent transit access
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Bingham
ME

Frequently Asked Questions

What are today's mortgage rates in Bingham?

As of today, the 30-year fixed mortgage rate for Bingham is approximately 6.856% (6.891% 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 Bingham?

The median home value in Bingham is $154k. The median monthly rent is $569. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bingham?

Home values in Bingham have increased 18.9% 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 Bingham?

Based on a typical all-in ownership cost of $699/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bingham is $59k/year.

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What industries drive the economy in Bingham?

The largest employment sectors in Bingham are public administration (22%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.