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Skowhegan

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

Median Home$161,414
Median Rent$918/month
Population6,449
Leading IndustriesEducation · Information & Media3% education
Home Value Growth⬆⬆⬆+34.9% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners66% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Skowhegan
ME

Frequently Asked Questions

What are today's mortgage rates in Skowhegan?

As of today, the 30-year fixed mortgage rate for Skowhegan is approximately 6.961% (6.999% 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 Skowhegan?

The median home value in Skowhegan is $161k. The median monthly rent is $918. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Skowhegan?

Home values in Skowhegan have increased 34.9% 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 Skowhegan?

Based on a typical all-in ownership cost of $881/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Skowhegan is $52k/year.

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What industries drive the economy in Skowhegan?

The largest employment sectors in Skowhegan are public administration (24%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.