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Little Falls

Learn about the people, housing, costs and businesses in Little Falls, Maine

Median Home$387,400
Median Rent$2,057/month
Population845
Leading IndustriesFinance & Insurance · Information & Media · Education9% finance & insurance
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners76% of occupied units
NotableHigh Incomes$104k/year · top 15% nationally
Little Falls
ME

Frequently Asked Questions

What are today's mortgage rates in Little Falls?

As of today, the 30-year fixed mortgage rate for Little Falls is approximately 6.862% (6.897% 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 Little Falls?

The median home value in Little Falls is $387k. The median monthly rent is $2,057. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Little Falls?

Home values in Little Falls 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 Little Falls?

Based on a typical all-in ownership cost of $1,504/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 Little Falls is $104k/year.

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What industries drive the economy in Little Falls?

The largest employment sectors in Little Falls are public administration (24%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.