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Rumford

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

Median Home$126,862
Median Rent$776/month
Population4,417
Leading IndustriesEducation · Wholesale Trade · Manufacturing4% education
Home Value Growth⬆⬆⬆+35.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners65% of occupied units
NotableAffordable Market$127k median home · lower cost than 82% of the country
Rumford
ME

Frequently Asked Questions

What are today's mortgage rates in Rumford?

As of today, the 30-year fixed mortgage rate for Rumford is approximately 6.881% (6.917% 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 Rumford?

The median home value in Rumford is $127k. The median monthly rent is $776. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rumford?

Home values in Rumford have increased 35.1% 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 Rumford?

Based on a typical all-in ownership cost of $770/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rumford is $38k/year.

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What industries drive the economy in Rumford?

The largest employment sectors in Rumford are public administration (23%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.