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East Millinocket

Learn about the people, housing, costs and businesses in East Millinocket, Maine

Median Home$86,200
Median Rent$449/month
Population1,484
Leading IndustriesPublic Administration · Professional Services37% public administration
Home Value Growth⬆⬆+19.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners79% of occupied units
NotableAffordable Market$86k median home · lower cost than 96% of the country
NotableVeteran Community11% of residents · top 9% nationally
East Millinocket
ME

Explore East Millinocket

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in East Millinocket?

As of today, the 30-year fixed mortgage rate for East Millinocket is approximately 7.025% (7.066% 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 East Millinocket?

The median home value in East Millinocket is $86k. The median monthly rent is $449. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Millinocket?

Home values in East Millinocket have increased 19.2% 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 East Millinocket?

Based on a typical all-in ownership cost of $628/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Millinocket is $42k/year.

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What industries drive the economy in East Millinocket?

The largest employment sectors in East Millinocket are public administration (37%) and retail (5%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.