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Caribou

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

Median Home$134,067
Median Rent$713/month
Population7,382
Leading IndustriesArts, Food & Hospitality · Public Administration · Professional Services9% arts, food & hospitality
Home Value Growth⬆⬆⬆+32.8% over 2 years
Retirees26% of residentsabove average nationally
Homeowners72% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score68/100 · highly walkable area
Caribou
ME

Frequently Asked Questions

What are today's mortgage rates in Caribou?

As of today, the 30-year fixed mortgage rate for Caribou is approximately 6.911% (6.948% 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 Caribou?

The median home value in Caribou is $134k. The median monthly rent is $713. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Caribou?

Home values in Caribou have increased 32.8% 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 Caribou?

Based on a typical all-in ownership cost of $723/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Caribou is $50k/year.

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What industries drive the economy in Caribou?

The largest employment sectors in Caribou are public administration (27%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.