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Vanceboro

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

Median Home$119,800
Median Rent$590/month
Population114
Leading IndustriesWholesale Trade · Transportation10% wholesale trade
Home Value Growth⬆⬆+13.3% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners84% of occupied units
NotableAffordable Market$120k median home · lower cost than 85% of the country
Vanceboro
ME

Frequently Asked Questions

What are today's mortgage rates in Vanceboro?

As of today, the 30-year fixed mortgage rate for Vanceboro is approximately 6.998% (7.041% 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 Vanceboro?

The median home value in Vanceboro is $120k. The median monthly rent is $590. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vanceboro?

Home values in Vanceboro have increased 13.3% 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 Vanceboro?

Based on a typical all-in ownership cost of $534/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vanceboro is $49k/year.

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What industries drive the economy in Vanceboro?

The largest employment sectors in Vanceboro are public administration (16%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.