Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Farmingdale

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

Median Home$249,700
Median Rent$911/month
Population2,015
Leading IndustriesHealthcare · Arts, Food & Hospitality · Finance & Insurance21% healthcare
Home Value Growth+8.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners66% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHighly Educated31% bachelor's · 14% graduate · top 7% nationally
Farmingdale
ME

Frequently Asked Questions

What are today's mortgage rates in Farmingdale?

As of today, the 30-year fixed mortgage rate for Farmingdale is approximately 6.958% (6.996% 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 Farmingdale
What is the median home price in Farmingdale?

The median home value in Farmingdale is $250k. The median monthly rent is $911. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farmingdale?

Home values in Farmingdale have increased 8.4% over the past two years. This represents moderate growth. 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 Farmingdale?

Based on a typical all-in ownership cost of $865/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farmingdale is $72k/year.

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

The largest employment sectors in Farmingdale are public administration (25%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.