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Rangeley

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

Median Home$418,800
Median Rent$673/month
Population380
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare18% education
Home Value Growth⬆⬆⬆+74.2% over 2 years
Retirees52% of residentstop 1% nationally
Homeowners76% of occupied units
NotableVeteran Community19% of residents · top 1% nationally
NotableTransit83/100 · excellent transit access
Rangeley
ME

Frequently Asked Questions

What are today's mortgage rates in Rangeley?

As of today, the 30-year fixed mortgage rate for Rangeley is approximately 6.872% (6.907% 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 Rangeley?

The median home value in Rangeley is $419k. The median monthly rent is $673. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rangeley?

Home values in Rangeley have increased 74.2% 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 Rangeley?

Based on a typical all-in ownership cost of $919/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rangeley is $61k/year.

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What industries drive the economy in Rangeley?

The largest employment sectors in Rangeley are education (18%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.