There are currently 1,786 real estate properties in Millinocket, ME, with a median automated valuation model (AVM) price of $130,002.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Millinocket, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Millinocket, ME, is $138,397.00, with the most expensive house in Millinocket, ME, topping out at $2,229,920.00 and the cheapest home in Millinocket, ME, clocking in at $16,638.00. In other words, there’s something for every potential homebuyer or savvy investor in Millinocket, ME!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Millinocket, ME, is on a rollercoaster ride. The average rent price in Millinocket, ME, is $811.00. Indeed, when looking to rent in Millinocket, ME, you can expect to pay as little as $720.00 or as much as $1,520.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Millinocket, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Millinocket is located in Penobscot, Maine, with an estimated municipal population of 4,287 residents. All of the best foreclosed homes for sale in Millinocket are located in the following zip code areas on Foreclosure.com: 04462. The estimated population per square kilometer (.62 miles) in Millinocket is 104.
So, about how much do homes cost in Millinocket? The most recent median value of resident-owned homes in Millinocket is 62,527. An estimated 69.6 percent of households in Millinocket own their homes, with an average family size of 2.34. The median household income in Millinocket is 32,730, with9.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Millinocket, the median commute time of resident workers (in minutes) is 19.6. And last, but certainly not least, are you looking for homes to rent in Millinocket? If so, the average rent price paid by renters in Millinocket is 511, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Millinocket, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Millinocket is 57.4, split between 44.4 percent male versus 55.6 female. The percentage of residents who report being married in Millinocket is 53.8, with an average family size of 2.34.
The percentage of residents who report their race in Millinocket is as follows:
| White | 98.4% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 1.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Millinocket? Or maybe you are searching for 55+ active adult communities in and/or near Millinocket?
The percentage of residents who report their age in Millinocket is as follows:
| Under 10 | 6.8% |
| Aged 10-19 | 5.9% |
| 20s | 7.6% |
| 30s | 12.1% |
| 40s | 8.3% |
| 50s | 15.7% |
| 60s | 19.5% |
| 70s | 15.9% |
| 80+ | 8.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Millinocket with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Millinocket.
How do you know that living in -- or moving to -- Millinocket is right where you need to be? Perhaps you grew up in Millinocket or already live nearby; therefore, the decision to buy a home in Millinocket is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Millinocket for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Millinocket:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Millinocket.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Millinocket can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Millinocket, meanwhile, can field multiple offers from more qualified buyers.
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