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Willimantic

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

Median Home$1,152,313
Median Rent$2,741/month
Population30,980
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality4% professional services
Home Value Growth⬆⬆+11.3% over 2 years
Young Adults33% of residentswell above average
Homeowners61% of occupied units
NotableHigh Incomes$184k/year · top 1% nationally
NotableHighly Educated34% bachelor's · 16% graduate · top 2% nationally
Willimantic
ME

Frequently Asked Questions

What are today's mortgage rates in Willimantic?

As of today, the 30-year fixed mortgage rate for Willimantic is approximately 6.831% (6.865% 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 Willimantic?

The median home value in Willimantic is $1.2M. The median monthly rent is $2,741. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willimantic?

Home values in Willimantic have increased 11.3% 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 Willimantic?

Based on a typical all-in ownership cost of $3,125/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $134k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Willimantic is $184k/year.

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What industries drive the economy in Willimantic?

The largest employment sectors in Willimantic are public administration (25%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.