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Madawaska

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

Median Home$156,300
Median Rent$635/month
Population2,787
Leading IndustriesPublic Administration · Professional Services · Wholesale Trade31% public administration
Home Value Growth⬆⬆+19.1% over 2 years
Retirees29% of residentswell above average
Homeowners68% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAmenity Score67/100 · highly walkable area
Madawaska
ME

Frequently Asked Questions

What are today's mortgage rates in Madawaska?

As of today, the 30-year fixed mortgage rate for Madawaska is approximately 7.324% (7.375% 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 Madawaska?

The median home value in Madawaska is $156k. The median monthly rent is $635. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madawaska?

Home values in Madawaska have increased 19.1% 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 Madawaska?

Based on a typical all-in ownership cost of $799/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madawaska is $57k/year.

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What industries drive the economy in Madawaska?

The largest employment sectors in Madawaska are public administration (31%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.