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Sedgwick

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

Median Home$352,300
Median Rent$1,200/month
Population1,215
Leading IndustriesEducation · Wholesale Trade · Healthcare3% education
Home Value Growth-3.8% over 2 years
Retirees35% of residentstop 1% nationally
Homeowners84% of occupied units
NotableHighly Educated30% bachelor's · 12% graduate · top 5% nationally
Sedgwick
ME

Frequently Asked Questions

What are today's mortgage rates in Sedgwick?

As of today, the 30-year fixed mortgage rate for Sedgwick is approximately 6.875% (6.910% 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 Sedgwick?

The median home value in Sedgwick is $352k. The median monthly rent is $1,200. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sedgwick?

Home values in Sedgwick have decreased 3.8% over the past two years. Buyers may find more negotiating room in this market. 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 Sedgwick?

Based on a typical all-in ownership cost of $857/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sedgwick is $67k/year.

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What industries drive the economy in Sedgwick?

The largest employment sectors in Sedgwick are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.