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Wells-Ogunquit Community

Learn about the people, housing, costs and businesses in Wells-Ogunquit Community, Maine

Median Home$505,205
Median Rent$1,164/month
Population24,593
Leading IndustriesProfessional Services · Education3% professional services
Home Value Growth⬆⬆⬆+28.5% over 2 years
Retirees35% of residentstop 1% nationally
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableHighly Educated23% bachelor's · 11% graduate · top 20% nationally
Wells-Ogunquit Community
ME

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Frequently Asked Questions

What are today's mortgage rates in Wells-Ogunquit Community?

As of today, the 30-year fixed mortgage rate for Wells-Ogunquit Community is approximately 6.870% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Wells-Ogunquit Community
What is the median home price in Wells-Ogunquit Community?

The median home value in Wells-Ogunquit Community is $505k. The median monthly rent is $1,164. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wells-Ogunquit Community?

Home values in Wells-Ogunquit Community have increased 28.5% 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 Wells-Ogunquit Community?

Based on a typical all-in ownership cost of $1,186/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wells-Ogunquit Community is $83k/year.

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What industries drive the economy in Wells-Ogunquit Community?

The largest employment sectors in Wells-Ogunquit Community are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.