Market Overview
Home Prices in Millinocket, ME
The median home value in Millinocket, ME is $165,514 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Millinocket are priced60% below average. Millinocket is part of the Bangor, ME metro area.
Over the past five years, Millinocket home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Millinocket Home Price Trend
City Comparison
Millinocket vs. National Median
At $165,514, homes in Millinocket cost 60% below the national median of $410,000. This makes Millinocket a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Millinocket?
20% Down Payment
$33,103
on $165,514
Monthly P&I
$863/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,096/mo
incl. taxes & insurance
Income Needed
$43,840
gross annual (30% rule)
10% Down Option
$16,551
+ PMI applies
Loan Amount (20% dn)
$132,411
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Millinocket, ME?
The median home value in Millinocket is $165,514 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Millinocket?
Over the past year, home values in Millinocket have decreased by 2.8%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Millinocket?
To comfortably afford the median home price of $165,514 with a 20% down payment ($33,103) at today's rates (6.8%), you'd need a gross annual income of approximately $43,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Millinocket compare to the national average home price?
The national median home value is approximately $410,000. At $165,514, homes in Millinocket are 60% below the national average.
What metro area is Millinocket part of?
Millinocket is part of the Bangor, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.