Penobscot County, ME Housing

The housing market in Penobscot, ME County is thriving. The median value of a home is $227,800, which is significantly lower than the US median of $338,100. In the last year alone, homes in Penobscot have seen an appreciation rate of 16.36%, compared to the national average of 8.27%. This suggests that now is a great time to invest in the area. With such high rates of appreciation and relatively low prices compared to elsewhere, Penobscot can offer potential buyers a great return on their investment.

The median home cost in Penobscot County is $227,800. Home appreciation the last 10 years has been 80.1%. Home Appreciation in Penobscot County is up 19.2%.

Average Age of Homes

- The median age of Penobscot County real estate is 43 years old

The Rental Market in Penobscot County

- Renters make up 27.4% of the Penobscot County population
- 2.0% of houses and apartments in Penobscot County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Penobscot, Maine	United States
	74,904.0	139,647,020.0
	45	42
	$227,800	$338,100
	19.2%	16.6%
	69.0%	57.0%
	80.1%	101.1%
	$14.28	$10.98
	$2,243	$2,690
	58.6%	57.4%
	16.1%	11.2%
	25.2%	31.4%
Vacant Housing
	2.0%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	8.1%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	4.1%	2.4%
	6.2%	2.8%
	6.6%	3.9%
	7.2%	4.5%
	18.1%	11.3%
	21.0%	13.0%
	20.7%	20.1%
	7.7%	13.6%
	2.4%	8.3%
	1.4%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.4%	13.6%
	13.4%	13.6%
	11.4%	13.6%
	13.9%	13.2%
	14.1%	14.8%
	11.4%	13.6%
	8.0%	10.0%
	3.3%	4.7%
	22.0%	12.2%

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