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Mount Desert Community

Learn about the people, housing, costs and businesses in Mount Desert Community, Maine

Median Home$421,964
Median Rent$1,387/month
Population25,430
Leading IndustriesManufacturing · Healthcare · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆⬆+27.1% over 2 years
Retirees21% of residentsslightly above average
Homeowners79% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 13% nationally
NotableHigh Incomes$110k/year · top 25% nationally
Mount Desert Community
ME

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Frequently Asked Questions

What are today's mortgage rates in Mount Desert Community?

As of today, the 30-year fixed mortgage rate for Mount Desert Community is approximately 6.889% (6.925% 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 Mount Desert Community?

The median home value in Mount Desert Community is $422k. The median monthly rent is $1,387. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Desert Community?

Home values in Mount Desert Community have increased 27.1% 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 Mount Desert Community?

Based on a typical all-in ownership cost of $1,734/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Desert Community is $110k/year.

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What industries drive the economy in Mount Desert Community?

The largest employment sectors in Mount Desert Community are public administration (21%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.