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Searsport

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

Median Home$229,100
Median Rent$1,132/month
Population1,035
Leading IndustriesTransportation · Public Administration · Manufacturing4% transportation
Home Value Growth⬆⬆⬆+23.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners79% of occupied units
Searsport
ME

Frequently Asked Questions

What are today's mortgage rates in Searsport?

As of today, the 30-year fixed mortgage rate for Searsport is approximately 6.954% (6.992% 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 Searsport?

The median home value in Searsport is $229k. The median monthly rent is $1,132. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Searsport?

Home values in Searsport have increased 23.9% 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 Searsport?

Based on a typical all-in ownership cost of $1,058/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Searsport is $73k/year.

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What industries drive the economy in Searsport?

The largest employment sectors in Searsport are public administration (28%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.