Knox County, Maine Housing Market Prices
Knox 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.
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Median home price 36% below the Maine median$167,467
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Median rent 2% above the Maine median Among the 3 most expensive counties in Maine$1,164
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,467 | $261,367 | $248,835 |
| Price Trend (Annual %) | 0.2% | 8.5% | 7.5% |
| Median Gross Rent | $1,164 | $1,139 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knox County is about 36% lower than in Maine. Rent is about 2% higher 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 Knox County, up about 0.2% and 5.2% a year respectively. Rent is changing faster.
Median rent in Knox County rose about 52.4% between 2015 and 2024, from $764 to $1,164. Over the same span, rent in Maine rose about 46.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Knox County.
Buying the median-priced home in Knox County costs roughly 12.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Knox County. The price-to-rent ratio in Maine is about 19.1.
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,467 | $261,367 | $248,835 |
| Median Household Income | $73,711 | $74,723 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Knox County rose about 12.9%, while median household income rose about 49.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 59.0% | 58.5% |
| Rental Rate | 16.0% | 20.4% | 31.2% |
| Vacancy Rate | 24.8% | 20.6% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Knox County has a homeownership rate of 59.2%, about the same as the Maine average of 59.0%. Its housing vacancy rate is 24.8%, compared with 20.6% in Maine.
Housing Stock
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.25 people | 2.53 people |
| Median Structure Built Year | 1972 | 1974 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Knox County was built around 1972. On average, 2.1 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Knox County, ME Housing Compared With Nearby Counties
Knox County, ME is typical in size for this group, 41,003 residents against a local median of 40,192, so the measures below are close to a like for like comparison. The measure that sets Knox County, ME apart most is median home price: $167,467, 35% below the local median of $258,333.
The counties themselves spread $234,336 on median home price, so Knox County, ME sits at one end of an already wide local range rather than apart from it. Knox County, ME has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Knox County, ME | 41,003 | $167,467 #6/6 | $1,164 #1/6 | 78.7% #3/6 |
| Waldo County, ME | 40,192 | $258,333 | $1,020 | 81.9% |
| Lincoln County, ME | 36,099 | $248,842 | $1,055 | 82.5% |
| Sagadahoc County, ME | 37,285 | $408,621 | $1,097 | 77.8% |
| Hancock County, ME | 56,460 | $345,205 | $1,060 | 78.5% |
| Kennebec County, ME | 126,799 | $174,285 | $991 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Knox County, Maine.
What is the median home price in Knox County, Maine?
The median home price in Knox County, Maine is $167,467, lower than the Maine average of $261,367.
What is the average home price in Knox County, Maine?
The typical home price in Knox County, Maine, reported as the median sale price, is $167,467. 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 Knox County, Maine?
The median gross rent in Knox County, Maine is $1,164 per month, higher than the Maine average of $1,139.
What was the median gross rent in Knox County in 2020?
In 2020, the median gross rent in Knox County, Maine was $855 per month.
What is the price-to-rent ratio in Knox County, Maine?
The price-to-rent ratio in Knox County, Maine is about 12.0, meaning it would take roughly 12.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Knox County.
Are home prices or rent rising faster in Knox County, Maine?
Both home prices and rent are rising in Knox County, up about 0.2% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Knox County, Maine?
59.2% of households in Knox County, Maine own their home, about the same as the Maine average.
What is the vacancy rate in Knox County, Maine?
The housing vacancy rate in Knox County, Maine is 24.8%, higher than the Maine average of 20.6%.
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