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Regional School Unit 16

Learn about the people, housing, costs and businesses in Regional School Unit 16, Maine

Median Home$283,250
Median Rent$1,131/month
Population11,882
Leading IndustriesFinance & Insurance · Information & Media · Professional Services10% finance & insurance
Home Value Growth⬆⬆+17.3% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
Regional School Unit 16
ME

Explore Regional School Unit 16

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Regional School Unit 16?

As of today, the 30-year fixed mortgage rate for Regional School Unit 16 is approximately 6.924% (6.961% 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 Regional School Unit 16?

The median home value in Regional School Unit 16 is $283k. The median monthly rent is $1,131. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Regional School Unit 16?

Home values in Regional School Unit 16 have increased 17.3% 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 Regional School Unit 16?

Based on a typical all-in ownership cost of $1,220/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Regional School Unit 16 is $79k/year.

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What industries drive the economy in Regional School Unit 16?

The largest employment sectors in Regional School Unit 16 are public administration (21%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.