Home/Maine/Penobscot County

Penobscot County Housing Market

Maine · 16 counties · Ranked #1832 in home value

Below National Avg

Housing at a Glance

Median Home Value

$193,800

vs national$193,800 vs $281,900 national

Median Gross Rent

$997/mo

vs national$997 vs $1,163 national

Effective Tax Rate

1.26%

vs national+1.26% vs 1.02% national

Median Household Income

$63,248

vs national$63,248 vs $74,755 national

Affordability Ratio

3.1x

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

Rent Burden

29.0%

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

More Housing Data

Property Tax (Median)

$2,435

Tax as % of Home Value

1.26%

Monthly Owner Cost

$968

Renter Income

$38,234

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$365+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Penobscot County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Penobscot County?

The median home value in Penobscot County is $193,800. This is below the national median of $281,900.

How much is rent in Penobscot County?

The median gross rent in Penobscot County is $997 per month.

What is the property tax rate in Penobscot County?

The effective property tax rate in Penobscot County is 1.26%. The median annual property tax bill is $2,435.

Is Penobscot County affordable?

With a home-value-to-income ratio of 3.1x, Penobscot 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.