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Great Salt Bay Community

Learn about the people, housing, costs and businesses in Great Salt Bay Community, Maine

Median Home$374,787
Median Rent$1,158/month
Population5,141
Leading IndustriesTransportation · Professional Services4% transportation
Home Value Growth⬆⬆⬆+29.2% over 2 years
Retirees25% of residentswell above average
Homeowners82% of occupied units
NotableVeteran Community9% of residents · top 9% nationally
Great Salt Bay Community
ME

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

Frequently Asked Questions

What are today's mortgage rates in Great Salt Bay Community?

As of today, the 30-year fixed mortgage rate for Great Salt Bay Community is approximately 6.897% (6.933% 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 Great Salt Bay Community?

The median home value in Great Salt Bay Community is $375k. The median monthly rent is $1,158. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Salt Bay Community?

Home values in Great Salt Bay Community have increased 29.2% 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 Great Salt Bay Community?

Based on a typical all-in ownership cost of $1,206/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Salt Bay Community is $89k/year.

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What industries drive the economy in Great Salt Bay Community?

The largest employment sectors in Great Salt Bay Community are public administration (22%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.