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Hancock County Housing Market

Maine · 16 counties · Ranked #2545 in home value

Below National Avg

Housing at a Glance

Median Home Value

$278,400

vs national$278,400 vs $281,900 national

Median Gross Rent

$1,000/mo

vs national$1,000 vs $1,163 national

Effective Tax Rate

0.88%

vs national0.88% vs 1.02% national

Median Household Income

$69,630

vs national$69,630 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,445

Tax as % of Home Value

0.88%

Monthly Owner Cost

$1,068

Renter Income

$36,992

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Mortgage

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Similar Counties by Home Value

Hoonah-Angoon Census Area

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Frequently Asked Questions

What is the median home value in Hancock County?

The median home value in Hancock County is $278,400. This is below the national median of $281,900.

How much is rent in Hancock County?

The median gross rent in Hancock County is $1,000 per month.

What is the property tax rate in Hancock County?

The effective property tax rate in Hancock County is 0.88%. The median annual property tax bill is $2,445.

Is Hancock County affordable?

With a home-value-to-income ratio of 4x, Hancock County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.