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Lake Arrowhead

Learn about the people, housing, costs and businesses in Lake Arrowhead, Maine

Median Home$271,285
Median Rent$1,758/month
Population2,955
Leading IndustriesTransportation · Wholesale Trade · Professional Services6% transportation
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners94% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHigh Incomes$99k/year · top 18% nationally
Lake Arrowhead
ME

Frequently Asked Questions

What are today's mortgage rates in Lake Arrowhead?

As of today, the 30-year fixed mortgage rate for Lake Arrowhead is approximately 6.921% (6.958% 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 Lake Arrowhead?

The median home value in Lake Arrowhead is $271k. The median monthly rent is $1,758. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Arrowhead?

Home values in Lake Arrowhead have increased 16.3% 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 Lake Arrowhead?

Based on a typical all-in ownership cost of $1,485/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Arrowhead is $99k/year.

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What industries drive the economy in Lake Arrowhead?

The largest employment sectors in Lake Arrowhead are public administration (21%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.