Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Piscataquis County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,852 | $248,766 | $242,182 |
| Price Trend (Annual %) | 4.2% | 8.9% | 8.2% |
| Median Gross Rent | $807 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Piscataquis County is about 52% lower than in Maine. Rent is about 26% lower than the Maine average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Piscataquis County, up about 4.2% and 4.5% a year respectively. Rent is changing faster.
Median rent in Piscataquis County rose about 28.3% between 2015 and 2023, from $629 to $807. Over the same span, rent in Maine rose about 39.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Piscataquis County.
Buying the median-priced home in Piscataquis County costs roughly 12.4 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 Piscataquis County. The price-to-rent ratio in Maine is about 19.1.
| Metric | Piscataquis County | Maine Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,852 | $248,766 | $242,182 |
| Median Household Income | $56,837 | $72,025 | $78,145 |
| Price-to-Income Ratio | 2.1 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Piscataquis County rose about 32.4%, while median household income rose about 68.6% between 2009 and 2023 — 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 | Piscataquis County | Maine Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.6% | 58.4% | 58.2% |
| Rental Rate | 12.8% | 20.5% | 31.3% |
| Vacancy Rate | 44.6% | 21.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Piscataquis County has a homeownership rate of 42.6%, lower than the Maine average of 58.4%. Its housing vacancy rate is 44.6%, compared with 21.1% in Maine.
Housing Stock
| Metric | Piscataquis County | Maine Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.27 people | 2.54 people |
| Median Structure Built Year | 1974 | 1973 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Piscataquis County was built around 1974. On average, 2.1 people live in a home with about 5.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Piscataquis County, Maine.
What is the median home price in Piscataquis County, Maine?
The median home price in Piscataquis County, Maine is $119,852, lower than the Maine average of $248,766.
What is the average home price in Piscataquis County, Maine?
The typical home price in %s, reported as the median sale price, is %s. 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 Piscataquis County, Maine?
The median gross rent in Piscataquis County, Maine is $807 per month, lower than the Maine average of $1,084.
What was the median gross rent in Piscataquis County in 2020?
In 2020, the median gross rent in Piscataquis County, Maine was $648 per month.
What is the price-to-rent ratio in Piscataquis County, Maine?
The price-to-rent ratio in Piscataquis County, Maine is about 12.4, meaning it would take roughly 12.4 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 Piscataquis County.
Are home prices or rent rising faster in Piscataquis County, Maine?
Both home prices and rent are rising in Piscataquis County, up about 4.2% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Piscataquis County, Maine?
42.6% of households in Piscataquis County, Maine own their home, lower than the Maine average of 58.4%.
What is the vacancy rate in Piscataquis County, Maine?
The housing vacancy rate in Piscataquis County, Maine is 44.6%, higher than the Maine average of 21.1%.