Hancock County, Maine Housing Market Prices
Hancock County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 32% above the Maine median Among the 3 most expensive counties in Maine$345,205
-
Median rent 7% below the Maine median Among the 5 most expensive counties in Maine$1,060
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $345,205 | $261,367 | $248,835 |
| Price Trend (Annual %) | 15.2% | 8.5% | 7.5% |
| Median Gross Rent | $1,060 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hancock County is about 32% higher than in Maine. Rent is about 7% lower than the Maine average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hancock County, up about 15.2% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Hancock County rose about 36.8% between 2015 and 2024, from $775 to $1,060. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Hancock County.
Buying the median-priced home in Hancock County costs roughly 27.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hancock County. The price-to-rent ratio in Maine is about 19.1.
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $345,205 | $261,367 | $248,835 |
| Median Household Income | $73,178 | $74,723 | $80,455 |
| Price-to-Income Ratio | 4.7 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hancock County rose about 199.1%, while median household income rose about 42.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.3% | 59.0% | 58.5% |
| Rental Rate | 13.5% | 20.4% | 31.2% |
| Vacancy Rate | 37.3% | 20.6% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Hancock County has a homeownership rate of 49.3%, lower than the Maine average of 59.0%. Its housing vacancy rate is 37.3%, compared with 20.6% in Maine.
Housing Stock
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1979 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Hancock County was built around 1979. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Hancock County, ME Housing Compared With Nearby Counties
Hancock County, ME is the 2nd largest of the 6 counties compared here, 56,460 residents against a local median of 40,192. Where Hancock County, ME breaks from the counties next to it is median home price, sitting 39% above the local median of $248,842 at $345,205.
The counties themselves spread $94,730 on median home price, so Hancock County, ME sits at one end of an already wide local range rather than apart from it. Hancock County, ME has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hancock County, ME | 56,460 | $345,205 #1/6 | $1,060 #2/6 | 78.5% #5/6 |
| Waldo County, ME | 40,192 | $258,333 | $1,020 | 81.9% |
| Knox County, ME | 41,003 | $167,467 | $1,164 | 78.7% |
| Washington County, ME | 31,330 | $262,197 | $782 | 79.7% |
| Penobscot County, ME | 154,700 | $178,672 | $1,041 | 70.5% |
| Lincoln County, ME | 36,099 | $248,842 | $1,055 | 82.5% |
Frequently Asked Questions
Common questions about the housing market in Hancock County, Maine.
What is the median home price in Hancock County, Maine?
The median home price in Hancock County, Maine is $345,205, higher than the Maine average of $261,367.
What is the average home price in Hancock County, Maine?
The typical home price in Hancock County, Maine, reported as the median sale price, is $345,205. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hancock County, Maine?
The median gross rent in Hancock County, Maine is $1,060 per month, lower than the Maine average of $1,139.
What was the median gross rent in Hancock County in 2020?
In 2020, the median gross rent in Hancock County, Maine was $838 per month.
What is the price-to-rent ratio in Hancock County, Maine?
The price-to-rent ratio in Hancock County, Maine is about 27.1, meaning it would take roughly 27.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hancock County.
Are home prices or rent rising faster in Hancock County, Maine?
Both home prices and rent are rising in Hancock County, up about 15.2% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hancock County, Maine?
49.3% of households in Hancock County, Maine own their home, lower than the Maine average of 59.0%.
What is the vacancy rate in Hancock County, Maine?
The housing vacancy rate in Hancock County, Maine is 37.3%, higher than the Maine average of 20.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →